How To Buy NVIDIA Stock (NVDA)

August 29, 2024 10:50 AM PDT | By Team Kalkine Media

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How To Buy NVIDIA Stock (NVDA) — Image source: Shutterstock

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NVIDIA might not always be in the spotlight, but its graphics processing units (GPUs) are widely used in gaming consoles and PCs. The company is also making strides in fields like artificial intelligence and self-driving technology. With impressive financial results—nearly $27 billion in revenue and earnings per share of $3.34 in 2022—NVIDIA presents a compelling option for investors. Here’s a straightforward guide to buying NVIDIA stock.

How to Buy NVIDIA (NVDA) Stock

Open a Brokerage Account
To purchase NVIDIA stock, start by opening a brokerage account if you don't already have one. Look for a broker with low trading fees and minimal account requirements.
Determine Your Investment Amount
Consider these factors to decide how much to invest:

Budget: Invest with money remaining after covering bills, emergency savings, and retirement contributions. Avoid investing funds you might need in the short term.
Current Stock Price: Track NVIDIA’s stock price, which has fluctuated from around $112 in 2022 to above $265 in early 2023.
Investment Strategy: Decide if you will invest a lump sum or gradually buy shares over time.
Portfolio: Assess how NVIDIA fits into your existing investments. Ensure your portfolio is diversified across different industries and company sizes.

Evaluate NVIDIA’s Financials
Review NVIDIA’s financial statements and performance metrics to understand its current financial health before purchasing.
Place Your Order
Log into your brokerage account and enter NVIDIA’s ticker symbol (NVDA), along with the number of shares or dollar amount you wish to invest. Choose between:

Market Orders: Buy at the best available price immediately.
Limit Orders: Set a specific price for your purchase; the order will only be executed if NVIDIA’s price meets your limit.

Monitor Your Investment
Regularly review NVIDIA’s performance to ensure it aligns with your investment goals and adjust your strategy as needed.

How to Sell NVIDIA Stock

When you decide to sell NVIDIA stock, log into your brokerage account, enter the ticker symbol (NVDA), and specify the amount you want to sell. Choose between a market or limit order based on your preferences for selling price and timing.

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