From NASDAQ: 2024-11-20 05:00:00

Zacks.com announces stocks featured in the Analyst Blog, including NVIDIA Corporation, Super Micro Computer, Meta Platforms, Microsoft Corporation, and Amazon.com. NVIDIA’s shares have surged 186.8% this year, making it the most valuable company. Market participants are eagerly awaiting NVIDIA’s Q3 earnings report, expected to impact its stock and the broader tech sector significantly.

NVIDIA’s AI server components are crucial for its products, and disruptions from suppliers like Super Micro Computer could affect Q3 results. Despite this, the increasing demand for AI and data-intensive applications is expected to boost NVIDIA’s AI and data center business. The company anticipates an 80% sales surge and an 85% increase in earnings per share for the quarter.

Encouraging Q3 earnings may boost NVIDIA’s stock in the short term, but other factors like the launch of the next-generation Blackwell GPU and increasing customer capital expenditures could drive long-term share price growth. NVIDIA’s strong fundamentals, including high cash flow, profit margins, and return on equity, make it a valuable investment opportunity.

NVIDIA’s stock is less expensive compared to the industry, trading at 49.4X forward earnings. The company’s projected year-over-year earnings growth, strong cash flows, and Zacks Rank #1 (Strong Buy) position make it an attractive option for investors. Access Zacks’ top stock picks for potential high returns without cost or obligation.

Zacks Investment Research highlights the potential for NVIDIA’s stock to double, with the company expected to release its top stock picks for significant gains in the coming months. Director of Research Sheraz Mian identifies a top pick in an innovative financial firm with a growing customer base and cutting-edge solutions. Access the top stock pick and four runners-up for potential growth opportunities.



Read more at NASDAQ: The Zacks Analyst Blog Highlights NVIDIA, Super Micro Computer, Meta, Microsoft, and Amazon.com