How To Buy NVIDIA Stock – A Strong Gaming Addition
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With remote work taking prominence in our lives, we have realized the importance of technology and our computer system. Without technological advances, it wouldn’t have been possible to continue work amidst the pandemic. We cannot imagine spending a day without our gadgets, and one company that is making all the gaming and processing possible for the world is Nvidia Corporation. The Santa Clara-based company designs graphics processing units for the professional and gaming markets and chip units for the automotive and mobile computing segments. With the recent Artificial Intelligence wave, there is no stopping Nvidia's growth. It has seen record revenue and profit.
Tech stocks are a long-term game. Due to constant product demand, big players like NVIDIA are unlikely to go out of business. With increased AI demand, gaming console usage and mobile computing adaptation, NVIDIA is set to see growth in the coming years.
Want to buy NVIDIA stock? Here’s how.
Jump To
Step 1: Finding a broker that offers NVIDIA stock
You can easily find an online broker that offers NVIDIA stock. Let us take a look at the three investment platforms you can consider.
Related: Best Brokerages for Beginners
Stash
Stash is a mobile application that can make investing quick and easy for beginners. You can create an account in less than 10 minutes and invest in stocks. It allows you to invest as little as $3 per month in various stocks. If you are an experienced investor and want to upgrade, you can subscribe to the Stash+ plan for $9 a month. No minimum deposit is needed to open an account, but a $5 account minimum is applicable if you want to start investing.
The biggest advantage of using Stash is purchasing fractional shares in any dollar amount. So, if you are unwilling to spend a huge amount on NVIDIA stock, you can buy fractional shares.
Pros and cons
Pros
- Ideal for beginners
- No minimum deposit is required to open an account
- Monthly fees as low as $3
- You get to build your portfolio
- Can purchase fractional shares
Cons
- The investment will be based on your goals, not on buying individual stocks.
- No personal advisor
Robinhood
A very popular free trading mobile app, Robinhood allows you to trade in options, stocks, and ETFs. It has no account minimum. Besides the free option account, you can upgrade to Robinhood Gold at $5 a month, but you need a minimum balance of $2,000. Through Robinhood Gold, you can borrow money to buy stocks. You can also buy fractional shares (not to mention crypto like Bitcoin). It is an ideal app for beginners who want to enter investing. You can open an account with no monthly fees and $0 commission trades and then watch your investment in real-time.
Pros and cons
Pros
- No minimum deposit
- You can buy fractional shares
Cons
- You can only open one type of investment account
- Has crashed during meme stock fluctuations
Step 2: Research NVIDIA shares
Nvidia Corporation was established in April 1993 by Jensen Huang, Chris Malachowksy, and Curtis Priem. The founders believed graphics-based computing was the right direction for the next computing wave because it solved several problems. They also believed that video games were one of the most challenging problems and could have the highest sales possible. With this view about the future of computing, they set out on their journey to build chips. It released RIVA TNT in 1998, which built a strong reputation in the industry for developing capable graphic adapters. The company went public in 1999.
Today, Nvidia is one of the top companies in the world. Its revenue has grown about 3000% from 2000 to 2024. Its business focuses on artificial intelligence, gaming, mobile devices, and automotive electronics.
Nvidia Corp. is listed on NASDAQ with the ticker NVDA. The IPO priced the stock at $12 and issued 3.5 million shares. There has been a stock split five times. Three splits were for 2-for-1, one was 3-for-2, one was a 4-for-1 split. The company has recently announced a 10-for-1 split. While a stock split does not make any change to the company's valuation, it makes it easier for investors to own the stock.
The stock is steadily hitting new highs and hit $1,000 after reporting the first-quarter results. It is trading for $1,148.25 as of today (May 29,2024).
Nvidia price history
It is best to invest in an IPO to make the most of the stock market. NVIDIA entered the stock market with an IPO in January 1999 with a price of $12. The shares rose 64% on the first trading day. The company has grown tremendously over the years. If you had invested $1,000 in Nvidia in the IPO, you would have received 83 shares, but the company went through four stock splits, and today you would have many shares worth thousands of dollars.
Nvidia dividend information
The company has paid dividends at the end of every quarter since 2012. It has a dividend yield of 0.0035%, and the recent dividend payout was $0.01. While the dividend yield is modest, the company has the liquidity to hike the payouts in the long-term.
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Best features of Nvidia stock
With a strong growth history and stable financials, Nvidia stock looks like a strong buy for the long term. Here are some reasons why people are keen on investing in Nvidia.
Nvidia Corporation has a massive market opportunity. The market size for semiconductors can be as high as $700 billion by the end of 2027. This presents a huge opportunity for Nvidia to expand. As the demand for chips continues to grow, the company will be able to hit higher sales and revenue numbers. The automobile industry is growing significantly, using Nvidia drive solutions. The solutions are designed for next-generation cars, and some of the top names, like Volvo cars, SAIC, and Zoox, are already using their solutions. The company also expands into the artificial intelligence, cryptocurrency, and healthcare sectors.
Anticipated growth in the gaming sector. It is impossible to think of gaming without Nvidia. The company has a competitive edge in the industry and offers the best gaming experience. The company reported $2.6 billion in gaming revenue in the first fiscal quarter of 2025, down from the previous quarters due to the drop in demand for gaming. However, in the long-run, the gaming segment is set to pick up and could be one of the critical segments for Nvidia.
Dividend payout. The company has stellar financials, and its revenue is constantly growing. In the first quarter of the year, it has generated a revenue of $26 billion. The company has tremendous growth potential, and many things are working in its favor. Another reason to invest in the company is the consistent dividend payout. It will help generate passive income for investors. Nvidia has a dividend yield of 0.0035% and has regularly paid dividends for many years.
AI is a billion-dollar opportunity. With an upbeat projection for 2024, Nvidia is here to make the most of Artificial Intelligence. AI has taken Nvidia to the trillion-dollar club. The company could dominate this decade's cloud and AI industry with its latest technology and applications. It is no longer restricted to GPUs but is raising the bar in the AI sector. A higher demand for Nvidia chips will increase as companies develop AI applications.
Nvidia is all about innovation. If you think about innovation, NVIDIA is way ahead of its competitors. It is leading the change and has a technological edge. The company introduced a line of processors last year that marked a breakthrough in ray tracing, which enhances graphics.
Step 3: Open an account & buy NVIDIA shares
To buy NVIDIA shares, you must open an online brokerage account. It is quick and easy. Let’s go through the process of opening an account on Stash. It will only take 10 minutes, and you will be ready to buy stocks.
Click “Get Started” on the homepage to begin the registration process. You will have to provide an email address and a password to create the account.
Once you create an account, you need to provide basic details like your name, address, birth date, citizenship status, phone number, pre-tax household income, and investment purpose.
After you provide the pre-tax estimated household income, you will be asked to choose a plan. You can always change the plan in the future, so do not worry about it. You can start with the beginner plan if you are new to the stock market.
You now need to add the bank details and pay for your plan. You can pay month to month or for the entire year at a time. Choose your employment status and provide additional details about your tax filing status. It will also ask you about your bill-paying history, savings, and the amount of income you spend each month.
These questions only help you understand your financial goals. Lastly, type the social security number and agree to the terms and conditions.
You are now ready to start investing. Use the ticker symbol of Nvidia Corporation (NVDA) to place the order and choose between a market order or a limit order. When you place a limit order, the purchase will be made at a price set by you, and if you place a market order, it will purchase the stock at the current price. It is also possible to buy fractional shares.
FAQs
How much were Nvidia's shares when the company first went public?
When Nvidia Corporation went public in January 1999, the company’s stock price was $12 per share.
How much does it cost to buy Nvidia shares today?
As of this writing, the share price is $1,148.25.
Does Nvidia pay dividends?
Yes, Nvidia has paid dividends regularly since 2012 and it has a dividend yield of 0.0035%.
What is the minimum number of Nvidia shares that I can buy?
Nvidia shares can be purchased for as little as $1. Depending on the broker's firm you choose, you can also buy fractional shares.
How does NVIDIA's stock compare to Advanced Micro Devices (AMD)?
NVIDIA and AMD, both leaders in the GPU market, have stocks that reflect their respective positions in technology sectors like gaming, professional graphics, and AI. While NVIDIA is renowned for its advanced GPU technologies and AI applications, AMD is recognized for its competitive CPU and GPU offerings, with each company's stock performance reflecting their market strategies and technological advancements.
The bottom line
Nvidia Corporation is a well-known tech company that has only grown over the last decade. The stock has seen a few ups and downs but has generated huge profits for investors. It is a stock you must keep on your radar. NVDA stock is a long-term investment that you should hold forever.
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- Joy Wallet Reader Deal: The Motley Fool is offering 50% off its top stock-picking service for new members (Limited Time)
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Writer
Vandita Jadeja is a financial writer and editorial assistant at Joywallet. She loves to read and write about money and brings 7 years of experience from the financial industry. She loves coffee, mountains and sunsets.
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