Embarking on your investment journey can elicit a mix of emotions – excitement and fear. If you’re new to investing, it’s normal to feel unsure about where to start. However, it’s essential to focus on stocks that have the potential to outperform the market in the coming months. This serves as a strong foundation for any investor, regardless of experience level.
One stock that stands out as a potential addition to your portfolio is Nvidia (NVDA). As a global leader in visual computing technologies, Nvidia has transitioned 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%.
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.
By considering stocks like Nvidia, investors have the opportunity to benefit from future earnings estimate revisions that can drive stock prices higher. 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.