How to Buy Nvidia Stock [2024] | Invest in NVDA

Summary: Nvidia, a major force in the tech industry, is listed on the NASDAQ with the ticker symbol NVDA. As a result, investors can conveniently buy Nvidia stock through online platforms like eToro.

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About Nvidia

One of Nvidia’s groundbreaking offerings to the tech community is the CUDA API, enabling the development of massively parallel programs optimized for GPUs, a staple in supercomputing sites worldwide. Further diversifying, Nvidia delved into mobile computing with its Tegra mobile processors, which power not only smartphones and tablets but also vehicle navigation and infotainment systems. Beyond hardware, Nvidia makes AI-centric software solutions, including the innovative Nvidia Maxine, for advanced audio and video processing.

Nvidia is publicly listed on the NASDAQ exchange under the stock symbol NVDA and is a constituent of the Nasdaq-100, the S&P 100, and the S&P 500 indexes. 

How to buy Nvidia stock – Step-by-step process

To invest in NVDA, follow the steps outlined below:

1. Find a broker;
2. Register an account;
3. Fund your account;
4. Buy Nvidia stock;
5. Periodically monitor your position in NVDA and adjust your portfolio accordingly.

Step 1: Choose a broker 

To begin your investment journey, sign up with a reputable broker. While numerous platforms will be available, choosing one that aligns with your financial goals and is tailored to your unique investing preferences and needs is essential.

To buy Nvidia stock, we recommend using eToro, which is fully regulated and offers a variety of features, including:

• Commission-free stock and ETF trading; 
• 2,000+ stocks from 17 exchanges;
• Fractional shares;
• User-friendly platform.

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

To navigate this exciting domain, explore some of our comprehensive AI stock guides designed to offer insights and strategies for potential investors. Whether you’re eyeing established giants or emerging startups, these guides provide a holistic view of the AI investment landscape, ensuring you’re well-informed to make the best decisions for your portfolio. Plus, branching out into other AI-driven companies will not only mitigate risk but also offer a chance to capture growth from multiple angles of this expansive industry. 

Here are a few you might want to check out:

• How to buy Chat GPT stock;
• How to buy Open AI stock;
• How to invest in AI stocks;
• Top 5 artificial intelligence stocks. 

How to choose the best online broker?

Here’s a quick guide to help you choose the best online broker:

• Determine your needs: Define what you want from a broker, be it advanced trading tools, educational resources, or simple buy-and-hold investing;
• Research fees: Compare commission rates, account maintenance fees, and any hidden costs among different brokers;
• Check platform usability: Ensure the trading platform is user-friendly and compatible with your devices;
• Investigate security: Ensure the broker has strong cybersecurity measures and insurance protection and is regulated by relevant financial authorities;
• Evaluate customer service: Look for brokers with strong customer support available through your preferred communication channels;
• Read reviews: Check online reviews and forums for user experiences and feedback;
• Product variety: Ensure the broker provides access to the types of securities you’re interested in, such as stocks, bonds, ETFs, mutual funds, or more complex derivative instruments like options and futures;
• Fractional shares: Determine if the broker allows you to buy and sell fractional shares, a game-changer for diversifying a portfolio on a budget;
• Consider additional features: Some brokers offer added value through research tools, educational content, or robo-advisory services;
• Finalize and open: Once satisfied, open an account and start your investment journey.

Step 2: Open an account

Opening an account with your chosen broker is the next step in your investment journey. It typically involves the following steps: 

• Reach its platform: Access the broker’s website or mobile app;
• Register: Click on the “Open Account” or “Sign Up” option;
• Provide details: Fill in the required personal and financial information. Some platforms may also ask about your investment experience and goals;
• Verification: Await confirmation after the broker verifies your details;
• Set security: Create a strong password and activate two-factor authentication if available.

Step 3: Fund your account

After your trading account is activated, the next step is to fund it. Navigate to the “deposit” or “fund your account” section on the broker’s platform. Here, you’ll generally find numerous funding options, such as bank transfers, credit/debit card deposits, or third-party payment services, such as PayPal (PYPL). 

Look out for any fees or minimum deposit requirements before you start. After initiating the transfer, the funds might take anywhere from a few minutes to a few days to reflect in your trading account, depending on the chosen method and the broker’s processing times. 

Step 4: Place your order

Now that you’ve deposited money into your account, you can place an order to buy Nvidia stock. To do so, follow these steps:

• Search: Find Nvidia using its ticker symbol NVDA;
• Select order type: Choose from market, limit, stop-loss, or other available options;
• Input amount: Specify the number of shares you want to buy or the dollar amount you wish to invest;
• Review: Double-check all details to ensure accuracy;
• Confirm: Click the “Buy” or “Trade” button to send the order for execution;
• Await execution: Your broker will handle the transaction; once completed, you’ll receive a confirmation.

Step 5: Monitor your investment

Monitoring your investment in Nvidia demands a combination of routine updates as well as a deeper comprehension of the broader tech and AI landscape. Firstly, make sure to stay informed about Nvidia’s quarterly financial results, official company statements, and any pivotal news in the market that might impact the company.

Furthermore, keep an eye on its key competitors in the semiconductor industry, such as AMD (NASDAQ: AMD), Samsung, Texas Instruments  (NASDAQ: TXN), Broadcom (NASDAQ: AVGO), or Intel (NASDAQ: INTC), as the trajectories of these companies can often hint at overarching industry shifts that might also touch Nvidia.

Finally, keep tabs on benchmark indices pertinent to the tech and AI domain. This insight offers a macro perspective on Nvidia’s standing, helping investors gauge if fluctuations in Nvidia’s stock are due to company-specific events or broader market dynamics.

Nvidia stock price today

Pros and cons of buying Nvidia stock

Pros

• Market leader: Nvidia is a dominant force in the GPU market, renowned for its technological prowess and innovative products;
• Diversification: Beyond GPUs, Nvidia has diversified into various high-growth areas, including AI, autonomous vehicles, and data centers;
• Consistent R&D investment: Nvidia has a robust commitment to research and development, ensuring that it stays at the cutting edge of technological advancements;
• Strong financial performance: Historically, Nvidia has shown strong financial results, with consistent growth in revenue and profitability;
• AI growth: Nvidia is well-positioned to capitalize on the AI boom, being a major supplier of both AI hardware and software solutions. 

Cons

• High valuation: Nvidia’s stock has a high price-to-earnings ratio, which might make it an expensive buy for some investors and could limit short-term upside;
• Competition: Nvidia faces stiff competition from companies like AMD, Intel, and emerging AI firms;
• Dependence on few markets: While Nvidia is diversified, it still relies heavily on specific sectors. Any downturn in these sectors (like gaming or data centers) could affect its revenues;
• Technological Disruption: The tech industry is dynamic, and there’s always a risk of newer technologies or competitors disrupting the status quo.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy Nvidia stock

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.