It’s a way to receive cryptocurrency like Bitcoin without buying it outright. Miners use GPUs in order to help solve these puzzles and receive cryptocurrency tokens as a reward. The processing power in Nvidia’s GPUs allows miners to solve cryptographic puzzles used in blockchain transactions. In the last year especially, Nvidia has seen significant gains due largely to the interest in cryptocurrency mining. NVDA has a relatively low dividend yield.

This dividend yield lets you see the size of the dividend to the company’s share price by looking at the total annual dividend divided by the share price. For investors interested in a stock that pays dividends, Nvidia also has a dividend yield of 0.080%. This is a far cry from Nvidia’s stock price of $12.46 back in June 2006. Recently, NVDA stock has climbed to all-time highs, and at the time of writing, it is priced at $799 per share. Nvidia Corporation trades on the Nasdaq exchange under the ticker symbol NVDA. It also recently announced its Grace central processing unit (CPU), a specialized tool that’s expected to make a big impact on data center processing. Nvidia’s main focus is increasing the power of their GPUs, including integrating artificial intelligence to create a “computer brain” that can handle 3D and virtual reality gaming. As a result, they focused on graphics processors. Nvidia’s founders expected the computer to develop into an entertainment device, including for playing games. The company’s current market capitalization, or the total valuation of its shares, is $498 billion as of June 28, 2021.

Malachowsky is also still a member of the executive staff, with the current title of Nvidia Fellow. Huang remains President and CEO of Nvidia, a position he’s held since he co-founded the company. Nvidia is headquartered in Santa Clara, California, and was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem.

Is buying Nvidia stock the right move for you?Īs you consider how to buy stock in Nvidia Corp., it helps to understand the basics of the company.

What you need to know about Nvidia stock.

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