Hot Stocks to Buy: Nvidia Corporation (NVDA)
Semiconductor companies have been leading the tech sector higher, which is always a sign that a healthy economic expansion and increased risk-taking is at the heart of a market rally.
Nvidia Corporation (NASDAQ:NVDA) shares have been one of the strongest performers over the last three years, which should have it on every analysts’ buy list.
Not the case here though, as only 59% of the analysts covering the stock have it ranked a buy and 11% have the stock as a sell. Shares of NVDA are 57% higher for the year and 187% higher over the last 12 months, making those that don’t have it ranked a buy looking like they’re missing the boat.
Nvidia stock has earnings coming up and another positive report will get the bears jumping on the bandwagon with upgrades. We expect to see another 30% gain in NVDA shares before the end of the year.