The recent investment by Nancy Pelosi in Nvidia (NASDAQ: NVDA) at the end of 2023 has garnered considerable attention due to its remarkable success story.
Having acquired 50 call options valued between $1 and $5 million, the former Speaker of the House now has the right to purchase NVDA shares at $120, a wise move considering the shares were priced around $487 at that time.
With Nvidia’s stock making significant price movements, Pelosi is looking at almost a 1,000% profit on this investment, given that she now has the option to buy at $12, while the current Nvidia price post-stock split is $128.28.
Showing impressive confidence in the semiconductor giant, Pelosi expanded her portfolio further in June 2024 by investing approximately $1.2 million in acquiring an additional 10,000 NVDA shares.
This decision is a clear display of trust, especially with Nvidia’s remarkable growth following the artificial intelligence (AI) surge in late 2022.
Joining Pelosi in her bullish stance on Nvidia are many others who foresee further increases in the NVDA stock, with projections suggesting a potential rise to $200 within the next year.
Nancy Pelosi’s Investment Portfolio Transformation in July
While the Nvidia investment was significant, it was not the only noteworthy transaction Pelosi made in June.
During that month, she reduced her Tesla (NASDAQ: TSLA) holdings, a decision that seemed poorly timed as the EV manufacturer saw an increase of approximately $60 per share between the sale and disclosure.
At the same time, Pelosi disclosed the sale of up to $1 million of Visa (NYSE: V) shares and the acquisition of call options for Broadcom (NASDAQ: AVGO).
In total, these transactions resulted in Pelosi emerging as the most successful trader on July 3, a day that saw US legislators collectively earning $4.5 million in a single session through their stock market activities.
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