Expert Picks: Nvidia: A Must-Have for Your Portfolio

Why Investing in this Computer and Technology Stock Could Enhance Your Portfolio

Building a portfolio from scratch as a beginner investor can be daunting, but starting by looking at stocks that are projected to outperform the market in the next year is a solid strategy. One great stock to consider adding to your portfolio is Nvidia (NVDA).

Nvidia is a global leader in visual computing technologies and has been known for inventing the graphic processing unit (GPU). However, the company has shifted its focus from PC graphics to AI-based solutions that support HPC, gaming, and VR platforms.

NVDA was added to the Zacks Focus List in May 2019 at $39.13 per share and has seen significant growth in share price since then. Analysts have revised their earnings estimates upwards for NVDA, with a projected 83.6% growth in earnings for the current fiscal year.

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