Berkshire Hathaway CEO Warren Buffett is known for astute investments that have helped his company generate stronger returns than the broader market over the years. So it wasn't surprising to see that Class A shares of his holding company outperformed the S&P 500 handsomely in 2022.

With the stock market expected to go on a bull run this year, now would be a good time to take a look at two Buffett stocks that started 2023 on the right foot. Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) (popularly known as TSMC) and Floor & Decor (NYSE: FND) have shot up 28% and 25%, respectively, so far this year. Let's look at the reasons why these two stocks could soar higher and see why they are still worth buying despite their recent gains.

TSMC stock's impressive rise in 2023 may seem a tad surprising given the company's fourth-quarter 2022 results released on Jan. 12. Though the Taiwanese foundry giant delivered impressive year-over-year growth with a 27% increase in revenue to $19.9 billion and a 58% jump in earnings to $1.82 per share, the guidance was disappointing.

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Source Fool.com