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How to buy Nvidia stock (NVDA)—5 steps to invest

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Updated: January 10, 2025

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Nvidia’s AI Chips helped it become one of the most valuable publicly traded corporations. It’s the clear-cut leader in the industry and has been delivering exceptional revenue and net income growth for multiple years. Nvidia invented GPU (graphics processing units) chips in 1996. This chip, known as the GeForce 2561, was the foundation for modern AI chips.

The company’s latest model, the Blackwell Platform, is powering the next generation of computing. However, Nvidia’s stock has gone parabolic over the past few years. Is it too late to buy Nvidia stock? This guide will explore how to buy Nvidia stock and what to consider before accumulating shares.

How to buy Nvidia stock

It’s easy to buy Nvidia stock or purchase shares in any other publicly traded corporation. You can follow these quick steps below to add Nvidia to your portfolio.

  1. 1.

    Open a brokerage account. You will have to provide your name, email address, Social Security Number, and other personal details to open a brokerage account. This account allows you to buy and sell shares in publicly traded corporations. Comparing each brokerage firm’s features, costs, and other details can help you decide on the right one for you. 

  2. 2.

    Create an order ticket. An order ticket allows you to invest in publicly traded companies. Many brokerage firms make it easy to create an order ticket and provide the necessary information. 

  3. 3.

    Select Nvidia stock. Some brokerage firms let you type “Nvidia,” but it is better to know a stock’s ticker symbol when using an order ticket. In this case, you can type “NVDA” into the order ticket to see the current price.

  4. 4.

    Decide on the number of shares. Order tickets require you to specify how many shares you want to buy or sell. If you want to buy 10 shares of Nvidia, you will have to fill in that information. The order ticket will then show how much it will cost to buy 10 shares. Some brokerage firms also let you buy fractional shares if you don’t have enough cash to buy a full share.

  5. 5.

    Execute the order. After checking the order ticket, you can initiate the order. Market orders go through right away at the current price. On the other hand, limit orders only go through when a stock reaches the price point that you specified.

About Nvidia

Nvidia was founded in 1993 with the original vision of bringing 3D graphics to the gaming and multimedia markets. The company has since evolved to provide high-caliber chips to tech giants who want to harness artificial intelligence. 

However, it wasn’t always a smooth ride. Nvidia almost went bankrupt on three separate occasions between 1993 and 19972. At one point, the company was 30 days from going out of business.

Is Nvidia a good stock to buy?

Nvidia has crushed the S&P 500, rising by more than 2,000% over the past five years. The AI chipmaker has had an annualized 74.3% return3 over the past decade. Nvidia’s year-over-year revenue and net income growth are still impressive, and suggests that the stock can provide long-term value for patient investors. 

Nvidia has outperformed the other big tech companies and has even delivered a higher return than Bitcoin over the past five years. Nvidia shares have almost tripled year-to-date as more people pile into the stock.

While artificial intelligence isn’t a big secret anymore, the industry is projected to maintain an annualized 36.6% growth rate4 from now until 2030. Nvidia should continue to achieve outsized revenue and net income growth in the industry, providing a potential opportunity for long-term gains.

Pros and cons of buying Nvidia stock

Pros

Pros

  • Nvidia is the leader in artificial intelligence

  • The company has soaring revenue and net income growth rates

  • The AI industry is projected to maintain high growth rates for several years.

Cons

Cons

  • Any slowdown in AI adoption can significantly impact Nvidia’s revenue

  • Most of Nvidia’s revenue comes from a small handful of tech companies

  • Nvidia faces competition from other chipmakers like Broadcom and Qualcomm

FAQs

  • Is Nvidia a good stock to buy right now?

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    Nvidia is a leader in the AI industry and will benefit from the industry’s growth. The AI chipmaker has the potential to generate significant long-term returns, even after what it has already done for investors. Nvidia may be a good stock to buy.

  • Can I buy Nvidia stock directly?

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    You cannot buy Nvidia stock directly. Instead, you have to open a brokerage account to trade shares on the stock market.

  • How much is it to buy Nvidia stock?

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    As of December 18, 2024, Nvidia stock costs $136 per share. However, the price fluctuates on any given day, with a greater range of possibilities if you look weeks, months, and years ahead.

  • Is Nvidia a good company to buy?

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    Nvidia may be a good company to buy for investors who are bullish about artificial intelligence and semiconductor stocks. The AI chipmaker is the leader in the industry and continues to post impressive financial growth rates.

Marc Guberti Freelance Contributor

Marc Guberti is a certified personal finance counselor and a freelance writer who resides in Scarsdale, New York. His work has been featured in US News & World Report, Newsweek, InvestorPlace, and other publications.

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