Investing can be an exciting and nerve-wracking experience, especially for newcomers. However, it’s crucial to focus on stocks with the potential to outperform the market in the coming months. This serves as a strong foundation for any investor, regardless of experience level.
One such stock that stands out is Nvidia (NVDA). As a global leader in visual computing technologies, Nvidia has shifted its focus from PC graphics to AI-based solutions that cater to high performance computing, gaming, and virtual reality platforms. Since being added to the Zacks Focus List in 2019, Nvidia’s stock price has soared by over 2800%.
Investors can benefit from future earnings estimate revisions that can drive stock prices higher by considering stocks like Nvidia. Analysts have revised their earnings estimates upwards for Nvidia, with a projected earnings growth of over 100% for the current fiscal year. Investing in stocks with rising earnings estimates can lead to price momentum, making them potentially lucrative investments.
So, paying attention to companies with strong growth potential like Nvidia can be a smart move for any investor looking to kickstart their investment journey.
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