• Tue. May 28th, 2024

Nvidia: A lucrative addition to a new investor’s portfolio

BySamantha Nguyen

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

Building a portfolio from scratch can be overwhelming for new investors. A good starting point is to focus on stocks that are expected to outperform the market in the next year, as this strategy has proven to be successful. One excellent stock to consider for your portfolio is Nvidia (NVDA).

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

In May 2019, NVDA was added to the Zacks Focus List at $39.13 per share and has since seen its value increase 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 an impressive track record of beating earnings estimates, with an average surprise of 20.2%.

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

For more investment recommendations from Zacks Investment Research, download the free report on NVIDIA Corporation (NVDA) by clicking on the link provided above.

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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