• Fri. Jun 14th, 2024

Beating the Market: The Rising Stars of 2021: Nvidia Corporation (NVDA)

BySamantha Jones

Mar 25, 2024
One Computer and Technology Stock That Might Boost Your Portfolio

When it comes to building a portfolio from scratch, investing can seem overwhelming for newcomers. However, one strategy that has proven to be successful is focusing on stocks that are projected to outperform the market in the next year. One such stock worth considering is Nvidia (NVDA).

Nvidia is a global leader in visual computing technologies and is known for inventing the graphic processing unit (GPU). Initially focused on PC graphics, the company has since expanded its offerings to include artificial intelligence (AI) solutions that support high performance computing (HPC), gaming, and virtual reality (VR) platforms.

Over the past two years, NVDA has seen impressive growth. In May 2019, it was added to the Zacks Focus List at $39.13 per share and has since increased in value by 2309.63% to $942.89. With 15 analysts revising their earnings estimates upwards for fiscal 2025 in the last 60 days, the Zacks Consensus Estimate for NVDA has risen to $23.80, an increase of $3.85. The company has a solid track record of beating earnings estimates, with an average surprise of 20.2%.

Investing in a stock like NVDA from the Focus List can be a lucrative opportunity as analysts forecast an 83.6% growth in Nvidia’s earnings for the current fiscal year. Given that stock prices usually respond to changes in earnings estimates, selecting a company with a positive outlook for future earnings may benefit from potential price momentum.

If you’re looking for more investment recommendations, download our free report on NVIDIA Corporation (NVDA) by clicking on the link provided by Zacks Investment Research’s latest recommendations for the next 30 days

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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