NVIDIA (ticker: NVDA) is a US-based company that manufactures GPUs and chipsets for mobiles, computers, TVs and consoles. The company is a popular name in the gaming industry because of the robust GPUs.
That’s not all. NVIDIA has also developed an API called CUDA for large scale parallel programming with GPUs. This diverse and popular set of offerings have made NVIDIA and the NVDA stock much sought after.
Currently, NVDA has a bigger market cap than companies like Walmart, Mastercard, Exxon Mobil, Coca-Cola, and others. In this blog, we’ll help you find out how to buy NVDA stock from India.
Important: Please consult a wealth coach or financial advisor before investing in any US stock.
When Did NVIDIA Go Public?
NVIDIA went public through an IPO on January 22nd, 1999. The IPO price was set at $12 per share. For context, NVDA is trading at $649.78 per share, 98% higher than its IPO price.
The growth of NVIDIA was driven by a strong business model of tapping into an emerging market (high-end gaming) along with constant innovation and new products like Nvidia GeForce.
NVIDIA’s offerings, particularly high-end GPUs, allow them to generate high margins. As a result, the GPU giant has access to a relatively high cash flow, part of which it redistributes in the form of dividends.
The NVIDIA stock has split four times since it began trading. Simply put, a stock split allows companies to issue more shares to existing investors. It’s a sign of higher valuations and growth.
For example, a 4 for 1 stock split would give each shareholder 4x the shares they hold. If Mr Cube holds 4 shares of NVDA, he’ll have 16 shares after a 4 for 1 stock split.
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1. Can I buy Nvidia stock in India?
Yes, it is possible to buy NVIDIA stock from India using a reliable app like Cube Wealth for as low as $1. You can either invest in NVDA stock on your own or get advice from RIA Rick Holbrook to understand if it could fit in your portfolio.
2. What does Nvidia stand for?
The co-founders of NVIDIA originally had no name for the company.
They gave the saved files a name, however, called NV (Next Version). Eventually, they came across “Invidia” (envy in Latin) after searching for all words with the letters NV in them and then settled for the name NVIDIA.
3. Does Nvidia company pay dividends?
Yes, NVIDIA (ticker: NVDA) pays dividends to its shareholders. It paid approximately $99 million in dividends in Q1 FY2022. You can buy dividend-paying stocks like NVDA for as low as $1 using Cube Wealth.
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