Starting a portfolio can be daunting for novice investors. However, one successful strategy is to focus on stocks that are predicted to outperform the market in the coming year. Nvidia (NVDA) is a company that fits this bill, with its leadership in visual computing technologies and GPUs.

In recent years, Nvidia has shifted from PC graphics to offering AI-based solutions that support HPC, gaming and VR platforms. Since being added to the Zacks Focus List in May 2019 at $39.13 per share, NVDA’s stock price has seen a significant increase, with shares now trading at $942.89. Analysts have revised their earnings estimates upward for Nvidia, with the Zacks Consensus Estimate increasing. The company has an average earnings surprise of 20.2% and is expected to post 83.6% earnings growth in the current fiscal year.

Stock prices often respond positively to revisions to earnings estimates, making stocks like NVDA potentially profitable investments for novice investors looking to start their portfolio creation process. By investing in Focus List stocks like Nvidia, investors can benefit from revisions to future earnings estimates that could fuel price momentum. For the latest recommendations from Zacks Investment Research, investors can download the top 7 stocks for the next 30 days.

By Samantha Johnson

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