Former U.S. House Speaker Nancy Pelosi is making strategic investments in the semiconductor and artificial intelligence sectors, increasing her stakes in Broadcom Inc. and Nvidia Corp. Pelosi recently purchased call options in Broadcom and bought shares in Nvidia, aligning her portfolio with the rapid advances in AI and technology.
Her investment in Broadcom comes after the company announced a stock split, indicating her confidence in its future growth. Pelosi has also reduced her holdings in Tesla and Visa, potentially reallocating her investments to sectors with greater growth potential.
Broadcom’s strong performance in its second fiscal quarter, especially in AI products, has made it an attractive investment. Wall Street analysts rate the stock a “buy” with a price target of $1,895, suggesting a potential 10% increase from current levels.
Pelosi’s strategic investments in Broadcom and Nvidia, along with the reduction of her holdings in Tesla and Visa, show her calculated move to capitalize on the AI and semiconductor markets. With Broadcom’s recent stock split and strong performance, Pelosi appears well positioned to benefit from future gains as AI technology continues to advance.
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https://invezz.com/news/2024/07/03/nancy-pelosi-buys-broadcom-stock/
