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Taiwan Semiconductor Company (#TSM) announced their Q1 earnings and beat analyst expectations. The semiconductor reported GAAP EPS of $0.96 (beat by $0.04) and revenue of $12.92B (+25.4% Y/Y).
Shares of TSM are trading at $118, which is a +138% increase over the past year. It's not hard to understand why when revenues are increasing dramatically, but is the growth over? There is a semiconductor shortage in the market and the company announced that they believe the shortage can run into 2022. They also gave next quarter revenue guidance as being the same as Q1. Is TSM the best semi stock to buy?