Can you buy Nvidia shares on the ASX?

This stock has rocketed higher. How do we get access to it?

Tristan Harrison

Author Bio Tristan Harrison has a decade of experience as an ASX share investment writer and was previously a business, tax and audit accountant for seven years. Tristan has contributed to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians and is currently enrolled in the Chartered Institute Management Accountant (CIMA) program. Tristan's goal is to help Australians learn about great ASX shares that can help grow their portfolio, wealth and dividends over the long-term. Areas of Expertise ASX dividend shares and passive income strategies ASX growth shares and ETFs Business and company financial analysis Franking credits and personal tax topics Personal finance Education Advanced diploma from the Association of Accounting Technicians Enrolled in the Chartered Institute Management Accountant (CIMA) program Social Media X/Twitter Favorite Investment Quote "Live within your income and save so that you can invest." — Charlie Munger

Published March 12, 2024 9:36 am AEDT

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.

A woman holds a soldering tool as she sits in front of a computer screen while working on the manufacturing of technology equipment in a laboratory environment. — Image source: Getty Images

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.

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