The US media was surprised: Pelosi's husband made a net profit of more than $1.25 million on Nvidia shares in 3 months
"Pelosi's husband made more than $1.25 million on Nvidia's stock in just 3 months", Fox News reported on the 23rd with this title that Pelosi, former speaker of the House of Representatives of the United States Congress, is being widely scrutinized because of her husband Paul's purchase of stocks.
According to the report, the Pelosi family is no stranger to Nvidia. Paul, who owns an investment advisory firm in San Francisco, bought call options worth $1 million to $5 million from Nvidia on November 22 last year. However, Pelosi has been delaying the announcement of the deal until just before Christmas.
Pelosi's husband Paul Data map Source: US media
In addition, in 2022, just weeks before the U.S. Congress voted on whether to provide massive subsidies to chip manufacturing, Paul bought more than $1 million worth of Nvidia call options. It was only after Pelosi was criticized for timing her stock purchases that Paul sold the call options.
Pelosi had said her husband had never bought stocks based on the information she provided, and her office had distanced her from Paul's financial decisions, Fox News said. But after the turmoil subsided, Paul reinvested in Nvidia stock and signed his latest contract late last year, the report said. Since then, the company's share price has soared.
Former Speaker of the House of Representatives of the United States Congress Nancy Pelosi Data map Source: US media
According to Christopher Josephus, co-founder of Autopilot, an app that allows individuals to track and copy politicians' transactions, he estimated the Pelosi's recent investment at about $2.5 million and said the Pelosi family netted about $1.25 million as the stock price rose more than 50% in just three months.
Pelosi's office has not responded to a request for comment on the matter, the report said.
Regarding the above news from the US media, on social media X, some netizens expressed their surprise: "That corrupt couple, not surprised." "Insider trading!"↓
U.S. Republican Senator Hawley posted, "I said it the thousandth time: prohibiting members of Congress from trading stocks." ”↓
Because of the wealth of inside information, former Speaker of the House of Representatives of the United States Congress Nancy Pelosi was ridiculed as the "Capitol Hill stock god". According to media reports, Nvidia's stock deal is not the only big deal for Pelosi. According to the financial report, Pelosi's husband Paul had previously sold about $5 million worth of Visa shares and $250,000 worth of Apple stock options. The deal has raised questions in the US Congress, with Republican Congressman Ralph Norman calling the latest moves "very badly impactful." "Pelosi is definitely aware of the CHIPS bill process," he said. The voting session is approaching, and it is doubtful that anyone around her has bought a large number of shares in related companies. ”
According to some media, young investors in the United States have realized that no matter how clever Wall Street investors are, they cannot compete with the policymakers and lawmakers in obtaining inside information, so they regard Pelosi as the "queen of the stock market" and "the biggest dark horse in the US stocks", and closely follow her investment trends on social media. In the eyes of American public opinion, the speculation of US politicians led by Pelosi in the stock market is tantamount to a "dimensionality reduction attack", they have eaten up the policy dividends, involving serious conflicts of interest; and on the country's social media, Pelosi has been ridiculed by young investors as the "Capitol Hill stock god", and all kinds of chaos are breathtaking.