The key question now is: What could be the stock's future direction?Although 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.Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else.
During this period, the Zacks Semiconductor - General industry, which Nvidia falls in, has lost 1.5%.
/images/2021/07/02/nvidia-stock.jpeg "nvda earning estimate")
So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of graphics chips for gaming and artificial intelligence have returned -1.5%, compared to the Zacks S&P 500 composite's +1.5% change. Nvidia (NVDA) is one of the stocks most watched by visitors lately.
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