Can you buy Nvidia shares on the ASX?

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.

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.

The post Can you buy Nvidia shares on the ASX? appeared first on The Motley Fool Australia.

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More reading

• 4 ASX ETFs for smart investors
• This trend could signal more gains for Nvidia shares
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• Is the surging Nvidia share price causing a stock market bubble?

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, BetaShares Nasdaq 100 ETF, Microsoft, Nvidia, and iShares S&P 500 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Alphabet, Nvidia, and iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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