AI Stocks | Pelosi Bet on AI Boom and Buy Broadcom Options and Nvidia Shares

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Former U.S. House Speaker Nancy Pelosi has been frequently investing in stocks recently. According to the trading records of members of Congress, Pelosi bought call options of chip design company Broadcom and 10,000 shares of artificial BroadCast Unitedligence (AI) chip manufacturer Nvidia.

According to records, on June 24, Pelosi bought a batch of Broadcom call options, with an estimated total transaction value of up to US$5 million; two days later, Pelosi bought 10,000 shares of Nvidia stock, with a maximum valuation of US$5 million.

Since the beginning of this year, the share prices of Nvidia and Broadcom have risen by more than 1.5 times and 50% respectively. Some analysts said that Pelosi’s accurate bet on the AI boom has made her a lot of money. If Nvidia continues to perform well in the second half of the year, even if the share price rises only half of that in the first half of the year, Pelosi’s newly purchased Nvidia shares will bring her about $1 million in income, which is more than five times her annual salary.

Pelosi also acquired Nvidia at the end of last year. Earlier this year, there were reports that Pelosi’s investment income from Nvidia has exceeded her annual salary as a member of Congress.

In addition, Pelosi recently sold part of her Tesla and Visa holdings. Her investment in Tesla can be regarded as a failure. Not only did she lose about $400,000, but she also missed out on Tesla’s recent stock price surge after the sale.