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Investing.com reports Nancy Pelosi’s acquisition of Nvidia and Broadcom shares and divestment of Tesla

Investing.com reports Nancy Pelosi’s acquisition of Nvidia and Broadcom shares and divestment of Tesla
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Rep. Nancy Pelosi and her husband recently made changes to their investment portfolio, as revealed in new documents. Pelosi, a prominent figure in the investment community, purchased shares in two semiconductor giants, Nvidia and Broadcom. She bought 10,000 shares of Nvidia and 20 call options on Broadcom with an exercise price of $800, each valued between $1 million and $5 million. Both companies have seen impressive gains this year due to increased AI-related spending.

In addition to her new investments, Pelosi also made some sales. She reduced her stake in Tesla by selling 2,500 shares, valued between $250,001 and $500,000. Additionally, she sold 2,000 shares of Visa, valued between $500,000 and $1 million. These transactions took place between June 24 and July 1.

Pelosi’s investment decisions are notable due to her high profile as a politician. The changes in her portfolio reflect a shift towards semiconductor companies benefiting from the growth in AI technology, while also reducing her exposure to Tesla and Visa. With Nvidia and Broadcom experiencing significant gains this year, Pelosi’s investments could potentially result in substantial returns.

Overall, Pelosi’s strategic adjustments to her investment portfolio demonstrate a keen awareness of market trends and a willingness to capitalize on emerging opportunities. By diversifying her holdings and focusing on sectors poised for growth, Pelosi has positioned herself to potentially benefit from the current market conditions.

Article Source
https://www.investing.com/news/stock-market-news/nancy-pelosi-buys-nvidia-and-broadcom-shares-offloads-tesla-3507305

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