Published on 2 Apr 2024 on Zacks via Yahoo Finance

Investors Heavily Search NVIDIA Corporation (NVDA): Here is What You Need to Know

Nvidia (NVDA) is one of the stocks most watched by Zacks.com visitors lately. 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 +6%, compared to the Zacks S&P 500 composite's +2.2% change. During this period, the Zacks Semiconductor - General industry, which Nvidia falls in, has gained 8.3%. 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.