The high-profile investment made by Nancy Pelosi in Nvidia (NASDAQ: NVDA) at the end of 2023 has attracted widespread attention due to its remarkable success.
The former Speaker of the House acquired 50 call options valued between $1 and $5 million, granting her the option to purchase NVDA shares at $120 during a period when they were priced at around $487.
The notable price movements of the semiconductor powerhouse have put Pelosi at almost 1,000% profit on the investment, as she now has the right to buy at $12, while the current Nvidia price sits at $128.28, following the stock split.
However, the Representative’s confidence in the blue-chip semiconductor maker seems to be so strong that she expanded her portfolio significantly in June 2024. It was disclosed on July 3 that Pelosi invested around $1.2 million in acquiring an additional 10,000 NVDA shares.
This move can be viewed as a clear demonstration of trust, especially considering the remarkable growth Nvidia has experienced since the onset of the artificial intelligence (AI) surge in late 2022.
Despite that, Pelosi is not alone in her bullish outlook on the semiconductor giant, as many anticipate further increases in NVDA stock with projections suggesting a potential rise to $200 within the next year.
Nancy Pelosi implements major changes to her investment portfolio in July
While the Nvidia investment was substantial and stood out notably given Pelosi’s history with the stock, it was not the only transaction she conducted in June.
During the month, the former Speaker divested a significant portion of her Tesla (NASDAQ: TSLA) holdings – an uncommonly mistimed decision, considering that the EV manufacturer gained roughly $60 per share between the sale and the disclosure.
Simultaneously, Nancy Pelosi revealed the sale of up to $1 million of her Visa (NYSE: V) shares and the acquisition of call options for Broadcom (NASDAQ: AVGO).
In total, these transactions led the Representative to become the most successful trader on July 3 – a day that witnessed US legislators collectively earning $4.5 million in a single session through their stock market endeavors.
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