Paul Pelosi, husband of Nancy Pelosi, disclosed new stock trades, including buying Nvidia shares and selling Microsoft shares, on July 30.
A financial disclosure form filed with the Clerk of the House of Representatives on July 30 states that Paul Pelosi reduced his holding in Microsoft the week before and bought more Nvidia shares.
On July 26, he bought 10,000 shares of Nvidia, valued between $1 million and $5 million, and sold 5,000 shares of Microsoft for a similar amount. This was bought soon after 10,000 Nvidia shares were acquired in late June.
Nvidia is experiencing a significant rally, trading up 13% today. Despite a recent pullback, Nvidia’s stock is up 143% year-to-date and over 2,800% over the past five years.
In recent times, the AI boom has skyrocketed Nvidia’s success, driving unprecedented demand for its GPUs and solidifying its leadership in AI hardware.
Critics have called for a ban on the Pelosi family’s stock trading because of possible conflicts of interest. Nancy supported a bipartisan bill to restrict Congressional stock trades amid rumors that her husband, Paul Pelosi, may have used insider information from her.
This bill aims to prevent conflicts of interest and enhance transparency, aligning with efforts to improve public trust in legislative ethics. These recent stock trades underscore the ongoing need to address such conflicts and bolster confidence in Congressional practices.
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