One Computer and Technology Stock That Might Boost Your Portfolio

Maximizing Portfolio Growth: Why Investing in Nvidia is a Smart Move

Investing in stocks can be intimidating for beginners, but building a portfolio from scratch doesn’t have to be overwhelming. One strategy to consider is focusing on stocks that are projected to outperform the market in the next year. Nvidia (NVDA) is one such stock that could be a great addition to your portfolio.

Nvidia is a global leader in visual computing technologies and has invented the graphic processing unit (GPU). While initially focused on PC graphics, the company 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 a solid track record of beating earnings estimates, with an average surprise of 20.2%.

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

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