Nvidia's Record-Breaking Surge and Investment Opportunities for Indian Investors
Nvidia's remarkable performance in the stock market has been making headlines lately, as the company's market capitalization inches closer to a staggering $1.9 trillion.
In a significant feat, Nvidia has even surpassed the combined market capitalization of all 30 companies listed on the Sensex, showcasing its unparalleled growth trajectory. Global investors are increasingly recognizing Nvidia as an enticing opportunity to diversify and strengthen their investment portfolios.
Investing in Nvidia from India
Despite being headquartered in the United States, Indian investors can actively participate in Nvidia's success story by acquiring its stocks. Nvidia is listed on the NASDAQ index under the symbol NVDA, offering Indian investors a gateway to tap into its potential.
Opening an International Trading Account
To embark on this investment journey, Indian investors need to initiate the process by opening an international trading account. This can be facilitated through various online platforms such as Groww, Angel One, and others. To complete the account opening process, individuals are required to furnish their bank account details and comply with Know Your Customer (KYC) norms.
Exploring Domestic Brokerage Firms with International Collaborations
Alternatively, Indian residents can explore the option of opening an overseas trading account through domestic brokerage firms that have international collaborations. Key players in the Indian brokerage industry, like ICICI Direct, HDFC Securities, Kotak Securities, and Axis Securities, among others, offer avenues for investors to access global markets, including Nvidia stocks.
Direct Access through International Brokerage Platforms
Furthermore, investors can directly access Nvidia stocks by creating accounts on international brokerage platforms such as Charles Schwab, Ameritrade, Interactive Brokers, and similar entities. These platforms provide seamless access to a wide range of global investment opportunities, including Nvidia.
Nvidia Holdings in Indian Mutual Funds
Interestingly, Nvidia also holds a significant presence in Indian mutual fund portfolios through its foreign equity holdings. In December 2023, four leading mutual fund firms—Axis, ICICI, Mirae, and Motilal Oswal - together owned roughly 170,000 shares of Nvidia, with a total estimated worth of around $132 million.
Read also: India’s Forex Reserves Decline: A Weekly Analysis
Nvidia's Impressive Financial Performance
Nvidia's financial performance continues to soar, as evidenced by its recent report of $22.1 billion in revenue for the fourth quarter ended January 28, 2024. This figure reflects a remarkable 22% increase from the previous quarter and a staggering 265% surge from the corresponding period last year.
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