How To Buy NVIDIA Stock On Robinhood In 2024 (NVDA)

Buying individual stocks is one of the most popular ways to invest in the stock market, and companies like NVIDIA have attracted significant interest.

If you're interested in purchasing NVIDIA stock, here's a simple guide to walk you through the process.

Be sure to check out our video below on how to buy NVIDIA stock!

1. Research NVIDIA

Before buying any stock, it's crucial to do your research.

NVIDIA is a leading technology company specializing in graphic processing units (GPUs), artificial intelligence, and data center technologies. To get started, read up on NVIDIA's latest financial reports, business performance, and industry trends.

Be sure to stay updated on news that could impact NVIDIA's stock price, such as product launches, partnerships, or regulatory developments.

You'll also want to look at NVIDIA's stock performance over time. Pay attention to key metrics like earnings per share (EPS), price-to-earnings (P/E) ratio, and market capitalization.

Comparing NVIDIA to its competitors in the tech industry can also help you determine if it's a good investment for your portfolio.

2. Choose A Brokerage Platform

Once you’ve decided to invest in NVIDIA, the next step is to choose a brokerage platform. There are a variety of online brokerage accounts to choose from, each offering different features, fees, and platforms.

Popular brokerage platforms include Fidelity, Charles Schwab, TD Ameritrade, Robinhood, and E*TRADE. Choose the one that best suits your investment style and financial goals.

We're going to be using Robinhood to buy NVIDIA stock. This is a commission free stock trading app that offers fractional shares, meaning you can invest as little as $1 into NVIDIA stock.

3. Get Your Free Stock

Robinhood offers an incentive for new users who are opening a new brokerage account.

If you use our link to sign up for Robinhood here - you will get a free stock worth up to $200 when you fund the account!

The value of the stock is random, and you get to choose your free fractional share from a list of 20 leading American companies.

If you're looking to learn more, here's our full guide on how Robinhood works for beginners.

4. Deposit Funds

In order to buy a stock, you will need to have funds in your brokerage account.

Robinhood offers an instant deposit feature, which means you can invest your money that you deposit before it settles. It usually takes a few business days for the transfer from your bank account to complete.

Here's how to deposit money into Robinhood:

1. Open the Robinhood App
2. Click on "Buying power" in the middle of the screen
3. Click on the black "Deposit funds" button at the bottom
4. Choose the bank account you want to deposit funds from
5. Enter the dollar amount you would like to transfer
6. Click on the black "Review" button
7. Click on the "Transfer $_" button at the bottom after confirming details

Once you initiate this deposit, you will get access to up to $1,000 immediately through the instant deposit feature.

5. Search For NVIDIA Stock

You are now ready to invest!

Here's how to buy NVIDIA stock in the Robinhood app:

1. Open the Robinhood App
2. Click on the Search Icon in the top right
3. Enter the stock symbol (NVDA)
4. Click on the stock
5. Click on the green "Trade" button 
6. Select "Buy"
7. Enter the dollar amount you want to invest
8. Click on the green "Review" button 
9. Swipe up to submit the order

That's it! Just like that, you've become an investor in NVIDIA stock using Robinhood.

You can now monitor your investment over time in the app. It's important to stay up to date on news and events related to any companies you invest in. This includes tuning in to quarterly earnings reports, for example.