One Computer and Technology Stock That Might Boost Your Portfolio

Building a portfolio from scratch can be overwhelming for new investors, but focusing on stocks that are expected to outperform the market in the upcoming year is a proven strategy to generate strong returns. One promising stock to consider adding to your portfolio is Nvidia (NVDA).

Nvidia is a global leader in visual computing technologies and has been credited with inventing the graphic processing unit (GPU). Initially, the company focused on PC graphics but 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 predict an 83.6% growth in Nvidia’s earnings for the current fiscal year. Investing in a company with a positive outlook for future earnings can be a lucrative opportunity as stock prices tend to respond to changes in earnings estimates. By selecting a company like NVDA from the Focus List, you may benefit from potential price momentum and potentially generate significant returns on your investment.

To receive more recommendations from Zacks Investment Research, download the free report on NVIDIA Corporation (NVDA) by clicking on the provided link.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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