Nancy Pelosi Snaps Up $7M Nvidia & Broadcom AI Stocks, Dumps Tesla Shares
Highlights
- Nancy Pelosi invests $7 million in AI stocks Nvidia and Broadcom, signaling confidence in the AI sector.
- Nancy Pelosi sold her Tesla shares, marking a strategic shift in her investment portfolio towards AI technologies.
- Pelosi's financial decisions attract significant attention, highlighting the interplay between politics and technology investments.
Nancy Pelosi, the former House Speaker, has recently made significant changes to her investment portfolio. She’s invested $7 million in artificial intelligence stocks, specifically Nvidia and Broadcom, while selling her Tesla shares. This move has drawn attention from both the financial sector and political observers.
Nancy Pelosi’s high-profile status in American politics makes her investment decisions particularly noteworthy, sparking discussions about the relationship between politics, technology, and personal financial strategies.
Details of Pelosi’s Investments and Divestments
Pelosi’s recent financial disclosures reveal substantial investments in AI-related companies. She purchased 20 Broadcom call options with an $800 strike price, expiring on June 20, 2025. This investment is valued between $1 million and $5 million. Additionally, she bought 10,000 Nvidia shares, estimated at around $1.2 million.
Simultaneously, Pelosi reduced her holdings in other tech stocks. She sold 2,500 Tesla shares, valued between $250,001 and $500,000, and 2,000 Visa shares, worth between $500,001 and $1 million.
These moves indicate a strategic shift towards companies leading in AI technology. Both Broadcom and Nvidia are key players in the semiconductor industry, crucial for AI development. Despite no longer being House Speaker, Pelosi’s financial decisions continue to attract significant attention from investors and political analysts.
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Market Context and Ethical Considerations
In the midst of this development, the acquired stocks have reflected notable growth. The live stock price of Broadcom Inc. today is $1,704.10 with a 24-hour trading volume of $4.48 Million. Stock price is up 2.75% in the last 24 hours. It has a daily rice range of $1,664.46 – $1,701.44.
On the other end, NVIDIA stock price has also made notable growth today as it trades at $124.57 with a 24-hour trading volume of $423.92 Million. Stock price is up 1.03% in the last 24 hours. It has a daily price range of $121.36 – $122.77.
It’s worth noting that while members of Congress must disclose their financial transactions, they are permitted to trade stocks as long as they adhere to insider trading laws and ethical guidelines. Pelosi’s recent trades suggest a bullish outlook on the AI sector, aligning with broader market trends and the growing significance of AI across various industries.
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