Why Consider Adding This Computer and Technology Stock to Your Portfolio

Why Consider Adding This Computer and Technology Stock to Your Portfolio

If you’re a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That’s why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that’s been proven to generate strong returns.

Now, let’s take a deep dive into a great stock that could be just the right addition to your portfolio.

Why You Should Pay Attention to Nvidia (NVDA)

NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.

NVDA was added to the Zacks Focus List on May 20, 2019 at $39.13 per share. Since then, shares have increased 2309.63% to $942.89.

For fiscal 2025, 15 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $3.85 to $23.80. NVDA boasts an average earnings surprise of 20.2%.

Moreover, analysts are expecting Nvidia’s earnings to grow 83.6% for the current fiscal year.

Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like NVDA, then, you’re likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

NVIDIA Corporation (NVDA) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Source Reference

Latest stories