Yahoo Finance This Top Computer and Technology Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Nvidia (NVDA) for Your Portfolio?
Nvidia was upgraded to the Zacks Rank #1 list on May 30, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
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.
For fiscal 2025, 15 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.29 to $2.68 per share. NVDA boasts an average earnings surprise of 18.4%.
Analysts are expecting earnings to grow 106.2% for the current fiscal year, with revenue forecasted to rise 93%.
Even more impressive, NVDA has gained in value over the past four weeks, up 5.3% compared to the S&P 500's gain of 4.3%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Nvidia could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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