NVIDIA Corp (NASDAQ: NVDA) shares have been one of the best-performing blue chips in the world over the past year, rising by 270%! In 2024 alone, they have gone up 80%.
In five years, the stock has soared more than 1,900%. What a fantastic return. It's now one of the largest businesses in the world in terms of market capitalisation. Of course, past performance is not a reliable indicator of future performance after such big gains.
I think it has done a good job of justifying its rise. It's heavily involved in powering the growth of AI around the world. Nvidia says it has the world's most advanced AI platform with full-stack innovation in computing, software, and AI models and services.
In February, the business announced its numbers for the quarter and year ending December 2023. Quarterly revenue was US$22.1 billion, an increase of 22% quarter over quarter and a 265% rise year over year. The full-year revenue rose 126% year over year to US$60.9 billion.
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Can we buy Nvidia shares on the ASX?
We can't directly buy Nvidia shares on the ASX. The business's primary listing is in the US on the NASDAQ.
However, there are several ways for Aussies to access the company. Of course, we can invest in Nvidia shares via a broker that allows international share trading.
There are a number of exchange-traded funds (ETFs) on the ASX that own Nvidia shares as part of the portfolio.
For example, the iShares S&P 500 ETF (ASX: IVV) currently has a 5.1% weighting to the business.
But, for investors wanting an even bigger allocation, I have some other suggestions.
Betashares Nasdaq 100 ETF (ASX: NDQ) currently has a 6.5% weighting to the technology company.
The BetaShares Global Sustainability Leaders ETF (ASX: ETHI), an ethically-based ETF, currently has a weighting of 10.4% to the AI stock.
The Global X Fang+ ETF (ASX: FANG) has an even bigger allocation – 16% – to Nvidia shares.
If I wanted to get as much exposure to Nvidia shares as possible, I'd go for the FANG ETF. Not only does it have the biggest portfolio allocation to the US company, but the rest of the ETF also gives exposure to tech-focused businesses like Alphabet and Microsoft, with a number of them having AI exposure in their own way.
