• Tue. May 28th, 2024

Maximizing Returns with NVDA: An Investment Opportunity on the Zacks Focus List

BySamantha Nguyen

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

Creating a portfolio for beginner investors can be an intimidating task. However, focusing on stocks that are projected to outperform the market in the next year can be a successful strategy that yields strong returns. One such stock to consider is Nvidia (NVDA), a company known for its leadership in visual computing technologies and GPUs.

Since being added to the Zacks Focus List in May 2019 at $39.13 per share, NVDA has seen a significant increase in its stock price, with shares now trading at $942.89. Analysts have revised their earnings estimates upwards for Nvidia, 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.

By investing in a Focus List stock like Nvidia, investors may benefit from future earnings estimate revisions that could drive price momentum. For the latest recommendations from Zacks Investment Research, investors can download the 7 Best Stocks for the Next 30 Days.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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