And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. When earnings estimates for a company go up, the fair value for its stock goes up as well. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

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 Quick Quote NVDA - Free Report) is one of the stocks most watched by visitors lately.

Yahoo ticker nvda