What is Nvidia Corp?
Nvidia (Nasdaq: NVDA) is an American multinational technology company incorporated in Delaware and headquartered in Santa Clara, California. The company was founded on April 5, 1993 by Jensen Huang, Chris Malachowsky and Curtis Priem, all of whom held senior positions at other technology companies prior to founding Nvidia. The company originally focused on accelerating graphics-based computing as they recognised the huge growth potential of video game computing.
The company has been able to expand rapidly due to a series of acquisitions and key consumer product releases. Today, Nvidia focuses on personal computer graphics, graphics processing units and artificial intelligence through its two main segments of GPU and Tegra. The company has been credited with awakening the world to the power of computer graphics when it invented the graphics processing unit (GPU) in 1999. Since 1999 the company’s expertise in programmable GPUs has led to breakthroughs in parallel processing which makes supercomputing inexpensive and widely accessible. They focus this expertise on gaming, professional visualisation, data centre, and automotive markets.
There has been significant progress made in the areas of driverless technology, healthcare, and deep learning as a direct result of these conferences.
Performance of the Nvidia stock price
The Nvidia share price climbed steadily during the course of 2020 as the demand for consumer technology increased and seems poised to continue growing as technological applications become increasingly broad. The Nvidia share price was supported by its activities in the growing market of artificial intelligence and deep learning.
As of late 2020, the Nvidia share price has traded within the 52-week range of $180.68-$589.07 with a market cap of more than $324bn (£243bn, €272bn). Nvidia stock trading has an average volume of almost 12 million shares per day.
How to invest in Nvidia stock
Nvidia stock trading occurs on the Nasdaq Stock Market. Those looking to invest in Nvidia stock can purchase them directly through the exchange, via a broker, or indirectly through an index which includes NVDA. Traders are also able to purchase derivatives based on NVDA shares such as CFDs or options.
Traders looking to invest in Nvidia stock by using the Currency.com tokenised platform are able to profit from upward or downward movements in the Nvidia share price without having to invest directly. Tokenised assets are crypto derivatives whose value is linked to the value of a particular asset, in this case the Nvidia share price. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows for trading using crypto without the need of converting back and forth with fiat currency, saving exchange fees. The utilisation of this technology allows for tokenised asset trading to be efficient, inexpensive and secure.
When trading tokenised assets based on the Nvidia stock price you can take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. If you think the Nvidia stock price will decrease you can take a short position; if you think it will increase you can take a long position. Trading in tokenised assets on Currency.com also allows for traders to benefit from the leverage offered on the platform, up to 1:500.
Why trade tokensied Nvidia shares with Currency.com
Trading tokenised Nvidia shares at Currency.com tokenised assets exchange has a number of advantages. Tokens are underpinned by robust and immutable blockchain technology; opening a trade will give you a token that tracks and moves according to the underlying instrument’s price.
- One-stop crypto trading platform
Trade tokenised Nvidia shares with Bitcoin or Ethereum. Benefit from the shares price movements without exchanging your crypto assets into fiat.
Trade tokenised shares with a tight market spread, benefit from maker rebates and competitive taker fees.
Experienced traders can trade the world’s top stocks, like NVDA, with up to 1:500 leverage.
- Effective risk management
Manage your risks and secure your profits with stop-loss and take-profit orders. Save your assets with negative balance protection.
We have a scalable and low latency order management system, which can execute 50 million trades per second.
Currency.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.
Tokenised share trading guide
Trading tokenised Nvidia shares is no more difficult than trading regular shares. To begin trading tokenised assets, you will follow need to follow some simple steps:
- 1. Register for an account with Currency.com.
- 2. Deposit funds (with crypto or fiat) in the account,
- 3. Determine the position size desired, accounting for leverage offered by Currency.com.
- 4. Determine your trading position (long or short) based on expected price movement and purchase tokenised Nvidia shares. Currency.com matches the long orders from its clients with the sell orders and then hedges the unmatched orders through Capital.com, LMAX Digital or exchanges such as Binance, Bitstamp, Kraken, Nasdaq, NYSE, and Gain Capital.
- 5. Close your position when applicable. You can set a take-profit or stop-loss indicator to ensure you are not required to constantly monitor the price. Funds will deposit back to your account after closing and you can withdraw or take a new position.