Maximizing Your Portfolio with Nvidia: The AI Powerhouse that Outperforms the Market

By Eleanor Harrison Mar25,2024
Here’s Why Adding This Computer and Technology Stock to Your Portfolio Could Be a Smart Move

Building a portfolio from scratch can be a daunting task for beginner investors. However, there is a proven strategy to start by focusing on stocks that have the potential to outperform the market in the next 12 months. One promising stock that could be a valuable addition to your portfolio is Nvidia (NVDA).

Known as the worldwide leader in visual computing technologies, Nvidia has transitioned from PC graphics to AI-based solutions that support various high-performance computing applications, gaming, and virtual reality platforms. In May 2019, Nvidia was added to the Zacks Focus List at $39.13 per share. Since then, its 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.

Investing in a Focus List stock like Nvidia can potentially benefit from future earnings estimate increases, leading to upward price momentum. By focusing on stocks with strong potential for growth, beginner investors can build a diversified and profitable portfolio over time

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

Related Post

Leave a Reply