The post What Nancy Pelosi is buying (and selling) now appeared on BitcoinEthereumNews.com.

Congressional stock trading proves to be a lucrative business among U.S. politicians, with many Senators and members of Congress seeing their net worths reach millions with the help of the stock market.  One of the savviest and most well known traders among the members of Congress is Nancy Pelosi, who rarely seems to make a mistake and has often been credited with timing the market to perfection. In particular, the representative for San Francisco, with her Nvidia (NASDAQ: NVDA) stock trades back in November 2023, garnered the attention of investors worldwide due to her substantial gains, which vastly exceeded her annual salary. Meanwhile, her most recent trading session on August 8 brought her unrealized gains of $4.1 million in just one day as the stock market continued its recovery from the recent slump. This helped propel Pelosi among the top three U.S. politicians, with stock trades contributing to her overall net worth and allowing the 52nd Speaker of the U.S. House of Representatives to overtake Republican Senator Mitt Romney. So, which trades exactly did the former House Speaker conduct recently to help her increase her wealth? July was a particularly active month for Pelosi As Pelosi revealed in her most recent filings on July 2 and July 30, she decided to increase her artificial intelligence (AI) stocks exposure with an additional purchase of 20,000 NVDA shares in two instances on June 26 and July 26, with a combined $10 million worth, with Nvidia capturing the largest market share among the chipmakers. Furthermore, on June 24, she decided to invest $5 million to purchase 20 call options of Broadcom (NASDAQ: AVGO) stock, each with a strike price of $800 and an expiration date of June 20, 2025, with her AVGO trade Pelosi is possibly seeking entry into data centers producers. Date…

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Filed under: News - @ August 9, 2024 6:20 pm