• Sat. May 18th, 2024

Beating the Market: The Success Story of Nvidia (NVDA) and How to Invest Like a Pro

BySamantha Jones

Mar 25, 2024
The Potential of Adding This Computer and Technology Stock to Your Portfolio

Investing in the stock market can be a daunting task for beginners, but one strategy that has proven successful is to focus on stocks that are projected to outperform the market. One such stock to consider is Nvidia (NVDA), a company with a strong track record in visual computing technologies and GPUs.

Nvidia has shifted its focus from PC graphics to AI-based solutions that support HPC, gaming, and VR platforms. Since being added to the Zacks Focus List in May 2019 at $39.13 per share, NVDA’s stock price has increased significantly, with shares now trading at $942.89.

Analysts have revised their earnings estimates for Nvidia upwards, with the Zacks Consensus Estimate also increasing. The company has an average earnings surprise of 20.2% and is expected to see earnings growth of 83.6% for the current fiscal year. When stock prices respond positively to earnings estimate revisions, stocks like NVDA can be profitable investments for those who are just starting out in the world of investing.

If you’re looking for investment recommendations from Zacks Investment Research, download their list of the 7 Best Stocks for the Next 30 Days today!

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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