Last month, General Motors(NYSE:GM) reported stellar earnings results for the first quarter of 2021. At the same time, GM warned that the industrywide semiconductor shortage would lead to dramatically worse results in the second quarter.
Smart investors knew to take that guidance with a grain of salt. After all, GM has made a habit of providing very conservative forecasts in recent years. Sure enough, the company revealed last week that it is poised to outperform its guidance for the first half…
