Nvidia’s recent surge in the stock market has been nothing short of extraordinary, breaking numerous records along the way. The stock briefly touched $2 trillion on Friday amid an AI-fuelled rally in the US stock markets.
The popular chipmaker’s stock has gained nearly 7 per cent in the past five trading sessions. It added a record $277 billion to its market capitalisation in a single session last week after its stock rallied over 16 per cent.
Additionally, Nvidia’s market value is now more than all the 30 BSE Sensex companies combined.
(Fun fact: Nvidia stock’s single-day rally was more than the entire market capitalisation of Reliance Industries Limited, which is India’s largest listed company.)
As of the market closing on February 23, Nvidia’s stock price stood at $788.17 apiece and its total market value was $1.97 trillion.
Given Nvidia’s stellar market run, global investors are increasingly eyeing it as an attractive opportunity to diversify and strengthen their investment portfolios. It now seems that everyone wants rise the Nvidia euphoria.Pune Investment
Many retail investors in India are also wondering if they can cash in on Nvidia’s dream market rally. And there is good news for them.
Even though Nvidia is listed in the United States, investors from India can actively participate in its success by acquiring its stock.Surat Investment
For those keen on purchasing Nvidia stock in India, the company is listed on the NASDAQ index under the symbol NVDA.
Indian investors need to open an international trading account. This can be done through various online platforms.
Opening an international trading account involves submitting bank account details and Know Your Customer (KYC) documents.
Alternatively, Indian residents can explore the option of opening an overseas trading account through domestic brokerage firms that have international collaborations, such as ICICI Direct, HDFC Securities, Kotak Securities, Axis Securities, and more.Indore Investment
Moreover, investors can directly access Nvidia stock by creating an account on international brokerage platforms like Charles Schwab, Ameritrade, Interactive Brokers, and similar entities.
With the company reporting revenue of $22.1 billion for the fourth quarter ended January 28, 2024, marking a 22 per cent quarter-on-quarter increase and a 265 per cent year-on-year jump, analysts remain upbeat about the company’s performance.
Lucknow Investment