Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. Now the key question is: Where could the stock be headed in the near term?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. The Zacks Semiconductor - General industry, to which Nvidia belongs, has lost 11.2% over this period. Shares of this maker of graphics chips for gaming and artificial intelligence have returned -23.1% over the past month versus the Zacks S&P 500 composite's -1.1% change. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Nvidia (NVDA) is one of the stocks most watched by visitors lately.
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