Starting on your investment journey can be a thrilling yet nerve-wracking experience, especially if you are new to it. However, it is crucial 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 their level of experience.
One such 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%.
Nvidia’s earnings estimates have been revised upwards by analysts, 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 and make them potentially lucrative investments. By considering companies like Nvidia, investors have the opportunity to benefit from future earnings estimate revisions that can drive stock prices higher. Therefore, paying attention to companies with strong growth potential like Nvidia can be a smart move for any investor looking to kickstart their investment journey.
