In a recent series of noteworthy trades, Congresswoman Nancy Pelosi from California’s 11th congressional district, has made substantial investments in Broadcom Inc. (NASDAQ:AVGO) and NVIDIA Corporation (NASDAQ:NVDA), while also selling off stocks in Tesla, Inc. (NASDAQ:TSLA) and Visa Inc . (NYSE:NYSE:V).
On June 24, 2024, Pelosi purchased 20 call options of Broadcom with a strike price of $800 and an expiration date of June 20, 2025. The total value of this transaction is estimated to be between $1,000,001 and $5,000,000. Broadcom, a global supplier of semiconductor and infrastructure software products, has been a popular choice among investors recently.
Two days later, Pelosi made another significant investment by purchasing 10,000 shares in NVIDIA Corporation. This transaction, like the Broadcom purchase, is valued between $1,000,001 and $5,000,000. NVIDIA, a renowned name in the tech industry, is widely recognized for its graphics processing units (GPUs) and artificial intelligence computing.
However, Pelosi’s trading activity wasn’t just limited to purchases. On the same day as the Broadcom transaction, Pelosi sold off 2,500 shares of Tesla, Inc., the electric vehicle and clean energy company. This sale is estimated to be valued between $250,001 and $500,000.
Finally, on July 1, Pelosi partially sold off her stocks in Visa Inc., a multinational financial services corporation. The transaction involved 2,000 shares and is estimated to be worth between $500,001 and $1,000,000.
These transactions provide a glimpse into Pelosi’s investment strategy and her faith in the tech industry. It remains to be seen how these trades will impact her financial portfolio in the long term.
$NVDA Nancy Pelosi Is Buying Up Nvidia Stock Againt.co/SbG2gRTfxB
— InvestorPlace (@InvestorPlace) July 3, 2024
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