In one remarkable bull run, NVIDIA (NVDA) has achieved a historic milestone by becoming the fourth most valuable public company in the world. With a staggering market capitalization of $1.84 trillion, NVIDIA’s market cap has eclipsed blue-chip stocks like Google and Amazon for the first time in history, solidifying its position as a major force in the tech industry.
The meteoric rise of NVIDIA’s market value has been nothing short of extraordinary. Since the beginning of the year, the company has witnessed an unprecedented 45.89% surge, adding a whopping $650 billion to its market cap in just six weeks. To put this into perspective, that’s more than the entire market capitalization of Tesla, one of the most talked-about growth companies in recent years.
How To Buy NVIDIA Stock in Canada
NVIDIA has been one of the hottest stocks on the NASDAQ over the past year.
Even though NVDA is listed on the NASDAQ, investors can still buy and sell NVIDIA stock in Canada with some of the best investing apps, like Questrade, Wealthsimple, and more. Canadians who sign up for a stock trading account can receive up to $50 in free trades to invest in NVIDIA stock today.
Below, we’ll break down how to sign up for Questrade and buy NVIDIA stock in Canada in a few quick and easy steps.
- Click here to sign up for a Questrade account
- Add funds to your account to complete the signup process
- Receive a $50 trade rebate to buy NVIDIA stock in Canada
- Search for NVDA and click ‘NVIDIA Corporation’
- Click ‘Buy’ and choose between a limit or market order
- Set your limit price and/or number of shares
- Confirm your purchase by clicking “Buy”
What Is Driving NVIDIA’s Growth?
A leading semiconductor company, NVIDIA’s rapid ascent underscores its growing influence and dominance in the technology sector. Known primarily for its graphics processing units (GPUs), NVIDIA has expanded its reach into various areas, including artificial intelligence, data centers, and autonomous vehicles. Its innovative technologies have positioned it as a key player in shaping the future of computing.
The surge in NVIDIA’s market cap reflects investor confidence in the company’s ability to capitalize on emerging trends and deliver strong financial performance. NVIDIA’s recent earnings reports have consistently exceeded expectations, fueling optimism among shareholders and analysts alike.
One of the key drivers behind NVIDIA’s remarkable growth is its leadership in AI and machine learning. As these technologies become increasingly integral to various industries, NVIDIA’s GPU-accelerated computing platforms have become indispensable tools for researchers, developers, and businesses seeking to leverage the power of AI.
Is NVIDIA A Buy Right Now?
NVIDIA is up nearly 30% over the past month and several stock market analysts are beginning to call for a pullback in the broader market.
However, NVIDIA’s success also reflects broader trends in the tech industry, where companies that offer cutting-edge solutions for AI are commanding premium valuations. As digital transformation accelerates across industries, NVIDIA and some of the best Canadian stocks are well-positioned to capitalize on the growing demand for advanced technologies.
