Nancy Pelosi, a prominent congresswoman, has recently made significant investments in the semiconductor industry by purchasing shares in Nvidia and Broadcom. In June and July, Pelosi acquired 10,000 shares of Nvidia stock and twenty call options on Broadcom. The Nvidia shares are valued between $1 million and $5 million, while the Broadcom call options, expiring in 2025, are also worth between $1 million and $5 million. Pelosi’s investment in these companies comes as both Nvidia and Broadcom have seen significant increases in their stock prices, driven by AI spending.
In addition to her new semiconductor investments, Pelosi also sold 2,500 shares of Tesla and Visa shares. Tesla shares were valued between $250,001 and $500,000, while Visa shares were worth between $500,000 and $1 million. Pelosi’s investment decisions are closely monitored, as she has been known for her successful investment strategies over the years.
Analysts have continued to show confidence in Nvidia’s stock, with a Strong Buy consensus rating based on 38 Buy ratings and three Holds. The average target price for Nvidia is $135.81, indicating a potential upside of 5.87% from its current levels.
Pelosi’s recent investments in Nvidia and Broadcom, as well as her divestments in Tesla and Visa, demonstrate her ongoing involvement in the stock market and her ability to make strategic investment decisions. With the semiconductor industry experiencing growth and increased demand for AI technology, Pelosi’s investments in Nvidia and Broadcom could prove to be lucrative in the long run.
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https://www.tipranks.com/news/nancy-pelosi-loads-up-on-nvidia-nasdaqnvda-and-avgo-shares
