U.S. Rep. Nancy Pelosi, D-California, has achieved significant financial gains from her recent investment in Nvidia Corp. (NASDAQ:NVDA), a prominent company in artificial intelligence (AI) and semiconductors. On Nov. 22, Pelosi acquired 50 call options for Nvidia with a strike price of $120, expiring on Dec. 20, 2024. The transaction value ranged between $1 million and $5 million​​. As of early 2024, Pelosi has reportedly made nearly $500,000 from this investment, surpassing her annual governmen
  • OldWoodFrame@lemm.ee
    2·
    10 months ago

    Making money isn’t the problem, insider trading is the problem. Did she do something as a congressperson that gave her inside knowledge of how AI was going to blow up Nvidia stock?

    If not this is a non story.

    • hglman@lemmy.mlEnglish
      0·
      10 months ago

      Nah, see, the reality is the stock market is a fundamentally manipulatable thing that is weakly coupled to anything.

    • some_guy@lemmy.sdf.org
      01·
      10 months ago

      She’s probably one of the ones who made a bunch of trades just before the first lockdown of the pan. Or her husband. I don’t trust any of 'em without full transparency.