Nancy Pelosi’s investment in Nvidia has garnered significant attention due to its remarkable success. The former Speaker of the House purchased 50 call options, valued at $1 to $5 million, which granted her the right to buy Nvidia shares at $120 when they were priced around $487. The market price of the semiconductor giant has resulted in Pelosi enjoying nearly 1,000% profits on her bet, as she now has the right to buy at $12 while Nvidia’s current price stands at $128.28.
In a display of great confidence, Pelosi made an even larger investment in the blue-chip chipmaker in June 2024. On July 3, it was revealed that she purchased an additional 10,000 NVDA shares for approximately $1.2 million. This move reflects the remarkable rise of Nvidia since the AI boom began in late 2022. However, Pelosi is not alone in her bullish sentiment towards the semiconductor giant, as many expect NVDA stock to continue rising, with some estimating it will reach $200 within a year.
While the Nvidia purchase was significant, it was not the only trade Pelosi made in June. She also sold a substantial portion of her Tesla holdings, a decision that proved untimely as the EV maker’s stock rose by $60 per share between the time of the sale and the disclosure filing. Additionally, Pelosi disclosed selling up to $1 million worth of her Visa stock and buying call options for Broadcom. In total, these trades made Pelosi the most successful trader on July 3, a day when American legislators earned $4.5 million through their stock market activities.
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