The Potential of Adding This Computer and Technology Stock to Your Portfolio

Top Picks for the Upcoming Year: Nvidia’s AI-Driven Technologies and Earnings Growth Predictables

Investing in the stock market can be daunting for beginners. However, a successful strategy for starting portfolio creation is to focus on stocks that are projected to outperform the market in the upcoming year. One such stock worth considering is Nvidia (NVDA), a company known for its visual computing technologies and GPUs.

Nvidia has shifted its focus from PC graphics to offering AI-based solutions that support HPC, gaming, and VR platforms. Since being added to the Zacks Focus List in May 2019 at $39.13 per share, NVDA has experienced a remarkable increase in its stock price, with shares now trading at $942.89.

Analysts have revised their earnings estimates upward for Nvidia, with the Zacks Consensus Estimate also increasing. The company boasts an average earnings surprise of 20.2% and is expected to experience earnings growth of 83.6% for the current fiscal year. When stock prices respond positively to earnings estimate revisions, stocks like NVDA may become profitable investments for investors.

Investing in a Focus List stock like Nvidia may provide benefits from future earnings estimate revisions that could drive momentum in the stock’s price movement. To access the latest recommendations from Zacks Investment Research, investors can download the 7 Best Stocks for the Next 30 Days report today.

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