Why Nvidia (NVDA) is a Top Stock for the Long-Term
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Let's now take a look at one standout stock that could be a perfect fit for 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.
On May 20, 2019, NVDA was added to the Zacks Focus List at $3.91 per share. Shares have increased 3071.1% to $123.99 since then.
15 analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.29 to $2.68. NVDA also boasts an average earnings surprise of 18.4%.
Additionally, Nvidia's earnings are expected to grow 106.2% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like NVDA offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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NVIDIA Corporation (NVDA): Free Stock Analysis Report
