Jason Hall

Matt, thanks for the insight there.

After the break, we're going to dig into earnings from two of the biggest names in semiconductors.

Right now, that also means AI.

You're listening to Motley Fool Money.

Jason Moser.

Welcome back to Motley Fool Money with the Hidden Gems team.

AI continues to be the driving force behind the stock market broadly.

We just got Q1 results from two of the biggest names in chip manufacturing with ASML, reported yesterday.

That was the 15th.

Taiwan Semi, TSMC in shorthand, reported this morning.

John, let's bring you into the conversation here.

I think the other part of this is so important, too.

As much as we focus on the bleeding edge and the leading edge, which are massively important,

These are also the workhorse businesses in the industry, too.

ASML's machines that they made 20 years ago, more than 90% of those continue to operate in memory manufacturing facilities and things like that.

TSMC makes chips for pretty much every consumer device you can think about.

They're so important.

John, let's go ahead and make the transition here, though, and talk about the quarter.

Let's start with ASML.

It doesn't make sense when you think about the numbers that this business generates.