How to buy Nvidia (NVDA) shares in Australia

This article focuses on how to buy specific securities, however, it is not a recommendation to invest in them and should not be taken as financial advice. Do your own research and make your own decisions, or even consider getting advice from a licensed financial adviser before investing.

Nvidia ($NVDA) is a globally renowned technology company that specialises in designing and manufacturing advanced graphics processing units (GPUs) and artificial intelligence (AI) technologies. With a rich history spanning over three decades, Nvidia has emerged as a dominant force in the gaming, data centre, and professional visualisation markets. Its cutting-edge GPUs power some of the most demanding applications, from high-performance gaming to deep learning algorithms.

How to buy Nvidia shares

Want to start buying NVDA shares but not sure how? Learn how to buy Nvidia stock on the Stake stock investing platform below.

1. Find a stock investing platform

To buy shares in U.S.-listed companies, you'll need to sign up to an investing platform with access to the U.S. stock market. There are a number of share investing platforms in Australia, of which Stake is one.

2. Fund your account

Complete an application with your personal and financial details. Fund your account with a bank transfer, debit card or even Apple/Google Pay.

3. Search for Nvidia or NVDA

Find the share by name or ticker symbol: NVDA. Do your own research to ensure it is the right investment product for your own circumstances.

4. Choose an order type and buy NVDA shares

Buy on any trading day with a market order or use a limit order to delay your purchase of NVDA shares until it reaches your desired stock price. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.

5. Monitor your investment

Optimise your portfolio by tracking how your stock and the business perform with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your stock.

✅ Gain access to shares like Nvidia, AMD, Intel and more when you sign up to Stake.

Nvidia Corporation overview

Nvidia Corporation, founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, is a global technology company known for its innovative graphics processing units (GPUs) and AI computing technologies. Headquartered in Santa Clara, California, Nvidia has become a dominant force in the semiconductor industry, catering to a wide range of sectors such as gaming, data centres, automotive, professional visualisation, and AI.

Jensen Huang, one of the company's co-founders, has been the CEO of Nvidia since its inception and has played a pivotal role in shaping the company's direction and success. Under Huang's leadership, Nvidia has experienced significant growth and has become a key player in the technology landscape.

Nvidia's primary focus lies in the development and production of GPUs, which are essential for rendering high-quality graphics and powering complex computing tasks. The company's GPUs have become integral components in various industries, including gaming, and entertainment devices where Nvidia's GeForce graphics cards are renowned for their exceptional performance and cutting-edge features.

In addition to gaming, Nvidia has made significant strides in the data centre market with its Tesla GPUs, which are designed to accelerate AI and high-performance computing workloads. These GPUs enable organisations to process vast amounts of data quickly and efficiently, making Nvidia a leading provider in the AI and machine learning space.

Nvidia's technology is also instrumental in the automotive industry, with its Drive platform offering advanced AI computing capabilities for autonomous vehicles. The company's automotive solutions enable manufacturers to develop self-driving cars, improve road safety, and enhance overall transportation efficiency.

The GPU giant also caters to the professional visualisation market with its Quadro series of GPUs, delivering unmatched graphics performance for professionals in fields such as design, architecture, and engineering. These GPUs enable users to create intricate 3D models, conduct simulations, and visualise complex data with remarkable precision and speed.

As a company deeply invested in research and development, Nvidia continually pushes the boundaries of technology. Its advancements in GPU architecture, AI algorithms, and software development kits have earned it a reputation as an industry leader, driving innovation across multiple sectors.

Summing it up, Nvidia Corporation is a pioneering technology company that designs and manufactures GPUs and AI computing technologies. With a strong leadership team, a diverse range of high-performance products, and a commitment to innovation, Nvidia continues to shape the future of computing and holds a prominent position in the technology industry.

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Nvidia share price performance

Since its IPO in 1999, the Nvidia share price has experienced a significant rise, reflecting the company's remarkable growth and success. While the initial years were marked by fluctuations, Nvidia's stock has soared over the past decade, fuelled by its strong market position and technological advancements.

In recent years, Nvidia's share price witnessed an extraordinary surge, driven by several factors. One of the key drivers of this growth has been the company's dominance in the field of artificial intelligence (AI). As AI applications gained widespread adoption across various industries, the demand for Nvidia's high-performance GPUs skyrocketed. Nvidia's GPUs are specifically designed to accelerate AI workloads, providing superior computational power and efficiency. This increasing demand for GPUs in AI applications, such as deep learning and data analysis, propelled Nvidia's revenue and profitability.

The surge in Nvidia's share price also coincided with the overall growth of the AI industry. As AI became an integral part of numerous sectors, including healthcare, autonomous vehicles, and cloud computing, investors recognised the potential for substantial growth in companies at the forefront of AI technology. Nvidia's strategic investments and acquisitions in AI-related fields further bolstered market confidence in the company's ability to capitalise on this emerging market.

The culmination of these factors led to a significant increase in Nvidia's market capitalisation, with the company's valuation crossing the $1 trillion mark. With the rapid advancement of AI technologies and the increasing demand for GPU-accelerated computing, Nvidia's market cap surged, reflecting investors' optimism about the company's future prospects and being seen as the leading provider of GPUs for AI applications. The company's GPUs have become the go-to choice for researchers, developers, and organisations seeking robust computing power for AI-driven tasks.

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Nvidia stock P/E ratio

As of 18 June 2023, Nvidia trades at a 50 P/E ratio (forward non-GAAP metrics). The price-to-earnings ratio is constantly changing, as the share market price varies every day and new earnings reports come out every quarter. Due to its outstanding performance in the past years, investors have been willing to pay a higher price for its shares, believing future growth will justify a higher valuation.

Nvidia EBITDA

As of Q1 2023, Nvidia's EBITDA was US$2.52b, up 50.05% from the previous quarter.

Is Nvidia overvalued?

Determining whether Nvidia is overvalued or not is subjective and dependent on individual perspectives and investment strategies. As an investor, it is essential to conduct thorough research, evaluate the company's financial performance, consider its growth prospects, and analyse relevant valuation metrics before forming an opinion on its valuation. You can find some tips to help you find out whether Nvidia is overvalued or undervalued here.

Do Nvidia shares pay dividends?

No, Nvidia shares do not pay dividends. Nvidia has chosen to reinvest its earnings back into the business to fund research and development, innovation, and growth initiatives.

The company's focus has been on expanding its product portfolio, advancing its technology, and exploring new market opportunities rather than distributing dividends to shareholders. As a result, Nvidia's shareholders primarily benefit from the potential appreciation of the stock price rather than receiving regular dividend payments.

Has Nvidia ever had a stock split?

Yes, Nvidia has had multiple stock splits over the years. Here is the history of Nvidia stock splits.

Stock split history for NVIDIA ($NVDA)

Nvidia Corporation FAQs

How much money do you need to invest in Nvidia stock?

One Nvidia share was worth US$410.22 as of 13 June 2023, but some platforms make it possible to trade fractional shares. This means you can buy and sell shares for a portion of one share, for example, you could become a Nvidia shareholder by investing as little as US$10 in the stock on Stake Wall St.

What are the reasons to buy Nvidia stock?

Investors may consider buying Nvidia stock for several reasons. Firstly, Nvidia is a market leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies, positioning it well for long-term growth in these rapidly expanding markets.

Secondly, the company has a strong track record of financial performance, delivering consistent revenue growth and profitability.

Thirdly, Nvidia's continuous technological innovations and strategic partnerships provide a competitive edge and open up new market opportunities.

Lastly, the increasing adoption of AI, autonomous vehicles, and high-performance computing across industries further augments Nvidia's growth potential in the future.

What ETFs have exposure to NVDA?

Several exchange-traded funds (ETFs) provide exposure to Nvidia (NVDA) stock. Here are a few examples:

• iShares PHLX Semiconductor ETF ($SOXX): This ETF seeks to track the performance of the PHLX Semiconductor Sector Index, which includes companies involved in the design, manufacture, and distribution of semiconductors. Nvidia is one of the major holdings in this ETF.
• VanEck Vectors Semiconductor ETF ($SMH): This ETF aims to replicate the performance of the MVIS US Listed Semiconductor 25 Index, which consists of companies engaged in various aspects of the semiconductor industry. Nvidia is a significant component of this ETF.
• SPDR S&P Semiconductor ETF ($XSD): This ETF seeks to track the performance of the S&P Semiconductor Select Industry Index, which includes companies primarily involved in the design, manufacture, and distribution of semiconductors. Nvidia is among the holdings of this ETF.
• Invesco QQQ Trust ($QQQ): While this ETF provides broader exposure to the Nasdaq-100 Index, it includes Nvidia as one of its top holdings. The Nasdaq-100 Index represents the performance of the 100 largest non-financial companies listed on the Nasdaq Stock Market.
• Fidelity MSCI Information Technology Index ETF ($FTEC): This ETF seeks to replicate the performance of the MSCI USA IMI Information Technology Index, which includes companies in the information technology sector. Nvidia is one of the constituents of this ETF.

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