TSMC’s (TSM) profit falls on weaker demand for smartphones and high-speed computing. TSM’s 3Q adjusted EPS came in at $1.29 versus an estimated $1.16 and its revenue came in at $17.28B versus an estimated $16.64B. Jenny Horne discusses this and compares TSM to other semiconductor stocks including LRCX, NVDA, and AMD. She also talks about how Lam Research (LRCX) beats on earnings and issues in-line guidance. Its 1Q adjusted EPS came in at $6.85 versus an estimated $6.07 and revenue came in at $3.48 versus an estimated $3.41. Tune in to find out more about the stock market today.