Starting today, July 11, investors will be able to trade the title of the technology giant Nvidia (NVDA) on the Colombian Global Market (MGC) of the Colombian Stock Exchange (bvc). This is possible thanks to the sponsorship of the stockbroker Acciones & Valores, which will offer it through its distribution channels: digital trading platform and sales force.
With the entry of this action, investors will have the possibility of acquiring shares of the American semiconductor company in Colombian pesos.
Read: Nvidia, the most valuable stock in the world, will be sold from Thursday in Colombia
The subscription price will be determined based on the international share price multiplied by the local exchange rate.
Nvidia, founded in April 1993 by Jen-Hsun Huang, Chris A. Malachowsky and Curtis R. Priem, is the largest supplier of graphics processing units (GPUs) in the world. The company has revolutionized the gaming, artificial intelligence (AI), autonomous vehicle and cloud computing markets. Headquartered in Santa Clara, California, Nvidia has seen average revenue growth of 60% and profit growth of 176% over the past five years, and has a valuation of over 3,000% over the same period.
Nvidia becomes the 56th issuer of the Colombian Global Market, a trading session that offers investor protection and support from participating entities, ensuring the security of transactions by bvc.
Read: Has Nvidia run out of gas? Stock recommendation downgraded to ‘neutral’
This market allows the purchase and sale of securities issued globally, from Colombia in Colombian pesos, with local custody by the Central Securities Depository of Colombia (deceval), a subsidiary of nuam exchange, the result of the integration of the Stock Exchanges of Colombia, Santiago and Peru. Currently, 36 ETFs and 19 stocks are traded on the MGC, including stocks from companies such as nuam, Apple, Pfizer, Amazon, Bank of America, NU, Citi, Johnson & Johnson, Falabella, Cencosud, JPMorgan, Ford, Uber, GE Healthcare, Berkshire Hathaway, Banco de Chile, General Electric, Enel, SQM, and now, Nvidia.
“We are very pleased to bring this issuer, which is today a benchmark in the global capital market and which in the last five years has achieved significant annual valuations due to its developments focused on artificial intelligence and its good corporate results,” said Luis Felipe Aparicio, commercial manager at Acciones & Valores, who recalled that the brokerage has sponsored the entry into Colombia of the securities of Nubank, Uber, Ford, General Electric, Berkshire Hathaway, ETF Vanguard S&P 500 and now Nvidia.
See more: Full steam ahead: How much has Nvidia’s market cap grown?
The Colombian Global Market reported a traded volume of $501,662 million in 2023, and so far in 2024 it has registered movements of $456,631 million. As of the sixth month of the year, the securities with the highest share in transaction volume are IB01 (38.5%), NU (18.5%), CSPX (10.9%), NUAMCO (6.9%) and APPL (3.5%). So far this year, 16,400 investors have carried out at least one transaction through the MGC.
Andrés Restrepo Montoya, general manager of the Colombian Stock Exchange, said: “We are proud to announce the arrival of Nvidia to our Colombian Global Market of bvc. This action becomes a new opportunity for investors to not only diversify their portfolio, but also have exposure to the technology sector that is booming in the stock market worldwide.”
“It is noteworthy that Nvidia is among the top three largest companies in terms of Market Cap in the world, with a capitalization of US$3.2 billion. In fact, according to the consulting firm Jon Peddie Research*, the semiconductor company produced 88% of the autonomous GPUs shipped worldwide during the first quarter of 2024,” added Restrepo.
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The two companies ahead of Nvidia with the highest market value in the world are Apple and Microsoft, two other technology giants, with a value of US$3.5 trillion and US$3.4 trillion, respectively, Apple also listed on the Colombian Global Market.
How to invest in Nvidia?
Before investing in Nvidia (NVDA) or any other equity security, investors should keep in mind that stocks are assets with a higher level of risk and require an investor profile that is more tolerant to market volatilities. Therefore, it is important to thoroughly analyze each issuer.
Jensen Huang, CEO of Nvidia
EFE
They should also consider that one option they have to diversify their portfolio is to have exposure to the international market through a brokerage supervised by the Colombian Financial Superintendence (SFC).
To purchase Nvidia shares on the Colombian Global Market, investors can use the trii platform of Acciones & Valores or go to other stockbrokers or supervised platforms. Accessibility through Colombian pesos facilitates investment for those interested in diversifying their portfolio and taking advantage of the growth of the technology sector.
Read: From gaming to AI: How did Nvidia become the world’s most valuable company?
It is worth noting that during the first half of 2024, the stock reached a value of US$1,200 and that is why, on June 7, 2024, Nvidia completed a 10-for-1 stock split, ending at a price of around US$120 per share. This makes Nvidia stock more accessible to investors: this Thursday, July 11, the stock began trading on the BVC at a price of $536,920.
Some portfolio managers estimate a target price of US$150, equivalent to a margin of 13.04% over the current price.
For Nvidia’s listing in the Colombian Global Market, trii announced that it will have a Commission-Free Day for the first 1,000 operations registered on the platform this Friday, July 12.
HOLMAN RODRIGUEZ MARTINEZ
Portfolio Journalist
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