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. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Now the key question is: Where could the stock be headed in the near term? The Zacks Semiconductor - General industry, to which Nvidia belongs, has lost 10.4% over this period. Shares of this maker of graphics chips for gaming and artificial intelligence have returned -14.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Nvidia ( NVDA Quick Quote NVDA - Free Report) has recently been on 's list of the most searched stocks.

Nvda split 2022