Morning Brew: TSMC's Revenue Surge and DOJ Eyes Google Breakup

Market Overview - S&P 500 futures are down 2 points, Nasdaq 100 futures down 20 points (0.1%), and Dow Jones Industrial Average futures down 25 points (0.1%), indicating a lower market opening after a previous recovery [1] - U.S. Treasury yields show little change, with the 10-year yield at 4.04% and the 2-year yield at 3.97% [1] Company News - Alphabet (GOOG) shares are down nearly 1.0% due to the DOJ considering remedies for Google, including a potential breakup in its antitrust case [1][3] - Taiwan Semiconductor Manufacturing (TSM) reported a 39.6% increase in revenue for September, driven by demand for AI chips, achieving approximately NT$759.69 billion, surpassing analyst expectations [2] - Lenovo, HP Inc., and Dell Technologies led the global PC market in Q3 2024, with a year-over-year growth of 1.3% in the PC market, attributed to businesses upgrading to Windows 11 [3] - Nvidia's CEO discussed the future of AI, emphasizing the need to reduce computing costs and enhance chip performance for complex reasoning tasks [4] - Norwegian Cruise Line Holdings (NCLH) saw a stock surge after being upgraded to a Buy rating by Citi, projecting a 23% three-year EPS CAGR [4] - Blackstone (BX) was downgraded to Neutral by Piper Sandler due to low realized performance revenue, despite expected demand growth in 2025 [5] - Infosys (INFY) announced an expanded collaboration with Microsoft (MSFT) to accelerate the adoption of generative AI and Azure services [5] - Baidu's Apollo Go robotaxi unit is in discussions to expand internationally, targeting markets like Hong Kong, Singapore, and the Middle East, aiming to operate in 65 cities by 2025 and 100 by 2030 [5]