4 Promising Crypto-Focused Stocks to Watch in 2023

4 Crypto-Focused Stocks with Growth Potential NVIDIA NVIDIA Corporation, a leading semiconductor company, has been a standout in 2023. Known for designing graphic processing units (GPUs), NVIDIA’s stock value tends to rise with the crypto market due to GPUs’ critical role in data centers, artificial intelligence, and cryptocurrency mining. The company’s anticipated earnings growth rate for the year is 41. 8%, with a 0. 7% improvement in earnings estimates over the past 60 days. NVIDIA holds a Zacks Rank #3. Visa Visa Inc. is modernizing global money transfers by expanding stablecoin settlement on the Solana blockchain, partnering with major merchant acquirers Worldpay and Nuvei. This move marks a key advancement in digital payments. Visa’s expected earnings growth rate is 12. 4%, with earnings estimates up 1. 1% over the last 90 days. It also has a Zacks Rank #3. HIVE Blockchain Technologies HIVE Blockchain Technologies Ltd. mines cryptocurrencies, validates blockchain transactions, and bridges crypto with traditional capital markets. Its expected earnings growth rate is an impressive 72. 3%, with a 34. 8% increase in earnings estimates in the last 90 days. HIVE holds a Zacks Rank #3. Accenture Accenture plc, a global system integrator, offers consulting and technology services, promoting Ethereum-based blockchain solutions to simplify business payment processing.
The company’s expected earnings growth rate is 6. 3%, with earnings estimates rising slightly by 0. 1% over 90 days. Accenture carries a Zacks Rank #3. Why Consider Zacks’ Top Stocks? Since 2000, Zacks’ top stock-picking strategies have significantly outperformed the S&P’s average annual gain of 7. 7%, delivering average yearly returns of +48. 4%, +50. 2%, and +56. 7%. You can access their current live stock picks for free and without obligation. For more information, contact: Zacks Investment Research Phone: 800-767-3771 ext. 9339 Email: support@zacks. com Website: https://www. zacks. com Note: Past performance does not guarantee future results. Investments carry risks including potential loss. This material is for informational purposes only and does not constitute investment, legal, accounting, or tax advice or recommendations. All information is current as of publication and subject to change. The S&P 500 is an unmanaged index. For detailed performance info, visit https://www. zacks. com/performance. Get free stock analysis reports for Accenture (ACN), Visa (V), NVIDIA (NVDA), and HIVE Blockchain Technologies (HIVE) via Zacks. Originally published by Zacks Investment Research (zacks. com).
Brief news summary
Four companies leveraging blockchain and cryptocurrency technologies show strong growth potential. NVIDIA Corporation, a leading GPU designer crucial for crypto mining, AI, and data centers, expects a 41.8% earnings increase this year after positive revisions. Visa Inc. advances cross-border payments using stablecoin settlements on the Solana blockchain, projecting 12.4% earnings growth. HIVE Blockchain Technologies, bridging blockchain with traditional markets via crypto mining, anticipates a significant 72.3% surge in earnings following substantial estimate upgrades. Accenture plc provides Ethereum-based blockchain solutions to improve payment systems and forecasts 6.3% earnings growth. Each company holds a Zacks Rank #3, indicating moderate upside potential. Although past performance does not ensure future results, their involvement in the growing crypto ecosystem positions them well amid evolving digital finance trends. Investors should carefully assess these prospects and consult professionals before investing.
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