If you are new to investing, building a portfolio from scratch can seem overwhelming. To begin, consider focusing on stocks that are projected to outperform the market in the next year. This strategy has been shown to produce strong returns. One great stock to consider for your portfolio is Nvidia (NVDA).
Nvidia is a global leader in visual computing technologies and is known for inventing 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%.
Analysts are forecasting an 83.6% growth in Nvidia’s earnings for the current fiscal year