- Get the complete guide to buying Nvidia shares from the UK?
- Find out what your buying options are.
- Details on what to keep track of and how it affects Nvidia’s price.
Nvidia (NASDAQ: NVDA) was founded in 1993 to produce graphics adapters. They were — and still are — pioneers in the development of video acceleration, motion compensation, and alpha blending. These technologies paved the way for modern games and are now being deployed widely in the field of AI and deep learning.
Scroll down for more about how to buy Nvidia shares from the UK.
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Step 1: Pick a share broker
Brokers are essentially middlemen between you and the market. There are lots of brokers to choose from, each with various pros and cons to consider.
Nvidia are listed on the NASDAQ, so make sure that your broker has access to that market (most do).
Other things to consider in a broker include commission-free trades, what markets you have access to, what instruments can be traded, the ability to invest with fractional shares, and the quality of the trading experience. Some brokers have a demo account to practice with before committing funds.
You can compare brokers and their features side-by-side on Finty.
Step 2: Fund your account
When you’ve chosen a broker, you need to transfer funds to your account to trade with. This is something some brokers use as a requirement to verify and activate your account.
If you choose a broker that has fractional trading, you can transfer what you can afford rather than being dictated by Nvidia’s price.
Step 3: Decide how much you want to invest
It's very important not to spend more than you can afford, especially if you are making a speculative investment rather than a long-term one.
It is also possible to pound cost average, that is to say, you can invest incrementally over time and thereby reduce the price volatility of your investment.
Step 4: Choose between shares or an ETF
You could also diversify the risk by investing in an ETF with exposure to Nvidia.
ETFs (Exchange Traded Fund) have exposure to a number of companies, often themed. For example, an ETF may only contain shares of tech companies or shares of emerging companies in AI. Since an ETF is diversified, they generally experience less volatility than a single stock. However, they are also less likely to experience rapid growth in their value.
ETFs with exposure to Nvidia include SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV), and Vanguard S&P 500 ETF (VOO).
Step 5: Decide your order kind
In simple terms, orders tell your broker what to do.
You can use a market order if you just want to buy Nvidia and don’t have a target price in mind. However, if you do have a target price, you could set up an order that is automatically triggered when a certain condition is met, e.g. buy when it hits your target price.
Step 6: Place your order
When you’ve configured your order, submit your order to buy Nvidia shares.
If you plan on holding Nvidia — what’s known as going long —monitor what is happening with Nvidia’s competitors and periodically do some research into the products Nvidia is launching. Sign up for their newsletter, read any press releases and review their quarterly financial reports. This gives you a better understanding of what direction Nvidia is headed, how they are likely to perform in the near future, and confidence in your investing decision.
Nvidia’s main competitors include AMD (NASDAQ: AMD), Taiwan Semiconductor Manufacturing Company (TPE: 2330), ASUSTEK Computer (TPE: 2357), Dell Technologies (NYSE: DELL), Qualcomm (NASDAQ: QCOM), Intel Corporation (NASDAQ: INTC), and Apple (NASDAQ: AAPL).
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