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. Shares of this maker of graphics chips for gaming and artificial intelligence have returned +2% over the past month versus the Zacks S&P 500 composite's -2.

Alphabet is best known for its Google subsidiary and has a market cap of about $2.4 trillion as of this writing. With a valuation of just 23 times forward earnings, there's also a solid case to be made that it is the cheapest of the Magnificent Seven stocks right now.

Wall Street investment analysts also predicted that Nvidia’s stock price would rise to an average of $172.80 over the next 12 months. William Stein, an analyst at Truist Securit