Nancy Pelosi Places Significant New Investment in Nvidia Stock
Nancy Pelosi’s strategic investment in Nvidia (NASDAQ: NVDA), which came to light towards the end of 2023, has garnered significant attention due to its extraordinary performance. The astute former Speaker acquired 50 call options, valued between $1 million and $5 million, securing the option to purchase NVDA shares at $120 each, despite their market price hovering around $487.
Following a stock split, Pelosi’s investment has flourished, with her options now allowing her to buy at an adjusted price of $12 per share, while Nvidia’s current price is quoted at $128.28. This represents a near 1,000% gain on her initial wager.
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*NVDA stock 1-year price chart. Courtesy of Finbold*
In a further display of confidence in the leading semiconductor manufacturer, Pelosi expanded her holdings in June 2024 with the acquisition of an additional 10,000 NVDA shares, totaling around $1.2 million. This move, particularly in the wake of Nvidia’s surge since the AI revolution began in late 2022, signals a robust vote of confidence.
Pelosi is not alone in her bullish stance on Nvidia, as the stock is widely anticipated to continue its ascent, with projections suggesting it could reach $200 within the next year.
**Nancy Pelosi’s July Portfolio Revamp:**
While Pelosi’s substantial Nvidia investment stands out, it wasn’t her sole transaction in June. She parted with a significant portion of her Tesla (NASDAQ: TSLA) shares, a decision that, in hindsight, seems ill-timed as the electric vehicle manufacturer’s stock climbed by $60 post-sale.
*TSLA stock 30-day price chart. Source: Finbold*
Concurrently, Pelosi revealed she had sold up to $1 million in Visa (NYSE: V) stock and opted for call options in Broadcom (NASDAQ: AVGO). These moves positioned her as the most profitable trader on July 3, a day marked by American lawmakers collectively earning $4.5 million in a single trading session.
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