How to Buy Nvidia Stock in Canada (or should you sell?)
Fact checked by Tyler Wade
Updated Jan 7, 2026
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Fact checked by Tyler Wade
Updated Jan 7, 2026
11M
Readers
150+
Reviews
1,000+
Metrics
Partners on this page may provide us earnings.
Thinking about investing in Nvidia stock? Smart move.
Whether you're all-in on AI or just looking to add some tech firepower to your portfolio, Nvidia (NASDAQ: NVDA) has been an absolute beast in the market.
Let’s break down how you can get your hands on some Nvidia shares in Canada in this step by step guide.
1. Growth potential: Nvidia is at the forefront of the AI revolution, with its GPUs powering everything from cloud computing to self-driving cars. The company's stronghold in AI, gaming, and data centers makes it a compelling long-term investment. Recent earnings reports show massive revenue growth driven by AI adoption
2. Risks: While Nvidia is leading the AI race, high valuations, stock buybacks, and increased competition (from AMD, Intel, and custom AI chips from Google, Amazon, and Tesla) could create volatility. Additionally, any slowdown in AI demand could impact future stock performance.
3. Best ways to invest: Investors can buy Nvidia stock directly through a brokerage account, invest via AI-focused ETFs like QQQ and ARKQ, or use fractional shares if they don’t want to buy a full share.
Nvidia isn’t just a company; it’s the company when it comes to AI, gaming, and high-performance computing. Their GPUs power everything from ChatGPT to cutting-edge gaming rigs, and they’re miles ahead of the competition in AI processing.
After a record-breaking run, Nvidia’s stock is finally showing signs of cooling off. Here's what's dragging it down in early 2025:
Alright, let’s get you set up with some Nvidia shares.
So to buy Nvidia you’ll first need to set up a brokerage that lets you trade U.S. stocks. Here are the best options in Canada and some of my personal favourites:
Things to consider when picking a brokerage:
Once you’ve picked your platform, here’s what you’ll need to do:
Pro Tip: If you plan on trading U.S. stocks regularly, set up a USD account with your brokerage. This will help you avoid currency conversion fees every time you buy or sell. Platforms like Questrade offer this. Wealthsimple also offers this.
Related Money.ca Article: Questrade vs. Wealthsimple: Which Investing Platform is Best for You?
Here’s the easy part.
Open your broker’s platform and type "NVDA" into the search bar. You’ll see Nvidia’s stock pop up, along with its latest price, market trends, and performance history.
It’s like checking out a product before you buy—except this one powers AI, gaming, and data centers worldwide.
Nvidia is a U.S.-listed stock, meaning it trades in USD. Buying in CAD means you’ll get hit with currency exchange fees every time you make a trade.
Best move: Use a USD account to skip the forex fees on every transaction.
There are two main ways to buy Nvidia stock:
Some platforms like Wealthsimple Trade offer fractional shares, so you can invest even if you don’t have the full share price.
Congrats, you’re now an Nvidia shareholder!
But the work isn’t over—keep an eye on your investment.
Here’s how to stay updated on Nvidia:
Dividends & Stock Splits: Nvidia pays a small dividend, but it’s more of a growth stock than an income stock. They also did a 4-for-1 stock split in 2021, making shares more accessible.4
So, you're ready to cash out or rebalance your portfolio? Here's how to sell your NVDA shares step-by-step:
Pro Tip: If you’re using a TFSA or RRSP, selling won’t trigger capital gains tax. But if you’re in a regular taxable account, you may owe tax on any gains.
Nvidia has been a standout performer over the past decade, largely due to its dominance in AI chips and robust financial results.
However, with shares surging over 1,800% in the past five years, many investors are questioning: Is it too late to invest in Nvidia?
Let's delve into its recent performance, valuation, technical trends, analyst outlook, and key considerations.
Nvidia has posted record-breaking financial results, fueled by surging demand for its AI chips.
Despite strong earnings, Nvidia’s valuation is historically high:
Verdict: Nvidia continues to demonstrate strong growth; however, its high valuation suggests that much of this growth is already priced in.
After its meteoric rise, Nvidia’s stock has entered a consolidation phase:
Short-term outlook: The stock is trading below its 200-day moving average, suggesting caution for short-term investors.
Wall Street remains bullish on Nvidia, but with varying expectations:
Verdict: While some analysts remain optimistic, others express caution due to potential market saturation and increasing competition.
Before investing, weigh Nvidia’s growth potential against its risks:
Verdict: While Nvidia maintains a strong position in the AI industry, investors should be mindful of rising competition, valuation levels, and geopolitical risks that could influence future performance.
When it comes to AI and gaming, AMD is Nvidia’s biggest competitor. AMD's stock is currently around $99.51, but it just hasn’t seen the same explosive growth as Nvidia.
Nvidia dominates AI chips and data centres, but AMD offers stronger value metrics if you’re looking for a lower-priced alternative.
Bottom line? Nvidia leads in AI, but AMD could be a solid bet for long-term competition.
If you’re looking beyond semiconductors, Tesla (TSLA) is a major player in AI, particularly with its self-driving technology. Tesla’s stock sits at $281.95, but it's been quite volatile - especially since the 2024 U.S Election.
Other AI-heavyweights to watch include well known companies you’ve definitely heard of before - Microsoft (MSFT) and Google (GOOGL)—both of these companies are investing billions, yes that's with a B, into AI research, cloud computing, and automation.
Nvidia’s long-term growth story is still compelling. It dominates AI hardware, powers global data centers, and keeps landing massive deals with tech giants like Microsoft and Amazon. But after soaring over 1,800% in five years, cracks are starting to show.
Valuation is steep, momentum has slowed, and new players like AMD and DeepSeek are circling. The recent “death cross” technical signal, plus geopolitical headwinds, suggest short-term bumps ahead.
So what’s your play?
If you believe AI is still in its early innings and Nvidia will continue leading the charge, then it could be a strong long-term hold. But if you’re chasing short-term gains, be ready for volatility—and have an exit plan.
Bottom line: Don’t just follow the hype. Know your risk tolerance, zoom out on your goals, and invest with intention.
| Long-term | Short-term |
|---|---|
| If you believe AI is the future (and Nvidia will keep leading the charge), holding for 5–10 years could be a winning play. The company’s dominance in AI, gaming, and data centers makes it a strong long-term bet. | The stock has had massive gains, but short-term traders need to watch for pullbacks. With a high P/E ratio (currently ~52)5 even small shifts in AI demand or competition from AMD, Google, or Amazon could trigger corrections. |
Want to continue to stay in the loop on Nvidia? Here are a few places you can check out:
Disclaimer: Terms and Conditions apply. Visit Wealthsimple via our Apply Now button for up-to-date terms and conditions.
Noel Moffatt is a Canadian fintech expert with a passion for simplifying personal finance. Based in St. John’s, NL, he draws on his background in finance, SEO, and writing to deliver clear explanations and actionable advice. Noel is dedicated to equipping readers with the knowledge and tools they need to make informed financial decisions, striving to make personal finance more accessible and understandable through his in-depth articles and reviews.
Colin Graves is a Winnipeg-based financial writer and editor whose work has been featured in publications such as Time, MoneySense, MapleMoney, Retire Happy, The College Investor, and more. Before becoming a full-time writer, Colin was a bank manager for over 15 years.
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