• Sat. May 25th, 2024

Nvidia Corporation (NVDA): A Must-Add Stock for New Investors Seeking Growth Opportunities

BySamantha Nguyen

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

Nvidia Corporation (NVDA) is a must-have for new investors looking to build a portfolio. With its global leadership in visual computing technologies and innovative solutions, NVDA has been shown to outperform the market consistently.

NVDA’s success story began with its invention of the graphic processing unit (GPU) in the PC graphics industry, but it has since expanded into artificial intelligence (AI), high-performance computing (HPC), gaming, and virtual reality (VR) platforms. Its impressive track record of earnings estimates beating has earned it a spot on Zacks Focus List, where it was added at $39.13 per share in May 2019 and has since seen its value increase by 2309.63% to $942.89.

Analysts are forecasting an 83.6% growth in Nvidia’s earnings for the current fiscal year, which suggests that investing in this stock could be a lucrative opportunity. The Zacks Consensus Estimate for NVDA has risen to $23.80, an increase of $3.85 from its initial estimate of $39.13 per share, which shows how much potential there is for growth with this company.

If you’re new to investing and looking to build a portfolio from scratch, consider adding NVDA to your list of stocks to watch. With its solid track record of earnings estimates beating and promising future prospects, this stock could be a great addition to any investor’s portfolio. For more investment recommendations from Zacks Investment Research, click on the link provided to download the free report on NVIDIA Corporation (NVDA).

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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