![]() ![]() ![]() This information comes via disclosure reports filed by Nancy Pelosi. Consequently, he reportedly bought 20,000 shares of NVDA stock, for a total value of $1 million to $5 million. Apparently, Paul Pelosi recently exercised 200 Nvidia call options. Paul Pelosi’s Controversial NVDA Stock Purchase To quote government affairs lobbyist Craig Holman: “It certainly raises the specter that Paul Pelosi could have access to some insider legislative information.” Yet, there may be some controversy mixed in with the excitement on Wall Street. It would earmark $52 billion in support of domestic semiconductor production. As early as tomorrow, senators are expected to convene to vote on a highly publicized spending bill. Such is the case today, it seems, with NVDA stock. What about when a politician’s spouse buys the shares, though? The debate might get more complicated, but it won’t necessarily stop traders from bidding the stock up. When a high-level politician buys stock shares of a company in anticipation of legislation, this often sparks a fierce debate. chipmakers, and NVDA stock is heading higher today. This legislation stands to benefit Nvidia and other U.S. Also, tomorrow the Senate is expected to vote on the CHIPS Act, which would involve federal investment in the U.S. Paul Pelosi, husband of Speaker of the House Nancy Pelosi, reportedly purchased up to $5 million worth of Nvidia (NASDAQ: NVDA) shares.
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