Ever wanted to own a little piece of NVIDIA without having to buy a full share? With Robinhood's current new customer stock reward offer, eligible new customers can receive a free stock reward and use it toward fractional shares of participating companies. With NVIDIA (NVDA) recently taking a major hit amid concerns surrounding CEO Jensen Huang, this could be an interesting opportunity to get started with a small piece of the market without paying for the stock itself.
What's happening with NVIDIA?
NVIDIA has had a rough stretch on Wall Street. Shares dropped sharply this week, reaching levels not seen in roughly seven months as investors reacted to news of an independent investigation involving CEO Jensen Huang, along with concerns about potential regulatory scrutiny and the company's business outlook. The stock began rebounding on Wednesday, November 11, but the recent volatility has certainly put NVIDIA back in the headlines.
Of course, NVIDIA remains one of the most closely watched companies in the artificial intelligence industry. Whether the recent decline turns out to be a temporary setback or something more significant remains to be seen. Nobody knows where a stock will go next, but it's certainly interesting to have the opportunity to own a small fraction without making an initial stock purchase.
How the Robinhood free stock offer works
Robinhood is offering eligible new customers a stock reward when they open their first qualifying individual taxable brokerage account and link a bank account or debit card. The reward can be used toward whole or fractional shares of participating companies.
Here are some important details about the current offer:
- Reward values range from $5 to $200.
- Approximately 99% of eligible customers receive a $5 reward, according to Robinhood's published terms.
- You can choose from a selection of participating companies, subject to availability.
- Fractional shares let you own a small portion of a company without purchasing an entire share.
- You must be a new eligible Robinhood customer who has never previously held an individual taxable brokerage account with Robinhood.
- You must be approved and link an eligible bank account or debit card.
- The reward must be claimed within 60 days.
If NVIDIA is among the available choices when you claim your reward, you may be able to put that free stock credit toward a fractional share of NVDA. The available choices and reward amount are determined by Robinhood, so NVIDIA is not guaranteed.
Why fractional shares are worth knowing about
One of the nice things about fractional investing is that you don't need hundreds or thousands of dollars to own a piece of a company. Even a small reward can give you exposure to a stock you might otherwise be hesitant to purchase at its full share price.
And that's what makes this promotion interesting. You aren't putting your own money toward the initial stock reward, although the value of any shares you receive can still go up or down. If you decide to keep the shares, you are taking on the same market risk as any other stockholder.
How to claim the Robinhood offer
If you haven't used Robinhood before and want to check out the promotion, you can get started using the referral link below.
Claim your Robinhood free stock reward here:
Sign up for Robinhood and check your free stock reward offer
Be sure to review the reward amount, eligible stocks, account requirements, and withdrawal restrictions before participating. Robinhood's offer can change, and not everyone will receive the same reward.
A little free stock can be an interesting way to get started. And if NVIDIA happens to be on your available list, you might just end up owning a small piece of one of the biggest names in AI!
Disclosure: Daybreaks Deals may receive a referral reward if you sign up through the link in this post and meet Robinhood's applicable referral requirements. This is a promotional referral link, not a recommendation to buy or sell any security. Investing involves risk, and stock values can decline. Please review Robinhood's official terms before signing up.