Earnings Growth & Price Strength Make Nvidia (NVDA) a Stock to Watch
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Focus List Spotlight: Nvidia (NVDA)
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.
Since being added to the Focus List on May 20, 2019 at $39.13 per share, shares of NVDA have increased 1021.9% to $439. The stock is currently a #1 (Strong Buy) on the Zacks Rank.
15 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $2.90 to $10.67. NVDA also boasts an average earnings surprise of 9.8%.
Moreover, analysts are expecting NVDA's earnings to grow 219.5% for the current fiscal year.
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NVIDIA Corporation (NVDA): Free Stock Analysis Report