Unleashing Profits: Why Nvidia (NVDA) is a Must-Have Stock for Your Portfolio

Here’s Why Adding This Computer and Technology Stock to Your Portfolio Could Be a Smart Move

Investing in the stock market can be overwhelming for beginners, but building a portfolio from scratch doesn’t have to be. One effective strategy is to focus on stocks that have the potential to outperform the market in the next 12 months. In this article, we will explore a promising stock that could be a valuable addition to your portfolio: Nvidia (NVDA).

Nvidia is a worldwide leader in visual computing technologies and has transitioned from PC graphics to AI-based solutions that support various high-performance computing applications, gaming, and virtual reality platforms. Since its addition to the Zacks Focus List in May 2019 at $39.13 per share, Nvidia’s stock price has soared by 2309.63% to $942.89. With 15 analysts revising their earnings estimates upwards for fiscal 2025, the Zacks Consensus Estimate for Nvidia has increased to $23.80. The company has an impressive average earnings surprise of 20.2%, and analysts are projecting an 83.6% growth in earnings for the current fiscal year.

Stock prices often respond to earnings estimate revisions, making it profitable to invest in stocks with improved earnings outlooks. By investing in a Focus List stock like Nvidia, investors can potentially benefit from future earnings estimate increases, leading to upward price momentum. If you are looking for the latest recommendations from Zacks Investment Research, you can download their report on the 7 Best Stocks for the Next 30 Days for free on their website. To learn more about Nvidia Corporation (NVDA) and their stock analysis, visit their website today!

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