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
  • Pyr_Pressure@lemmy.ca
    172·
    9 months ago

    Because they get all the insider info that they are legally allowed to use for investment strategies which commoners are not.

    • doctorcrimson@lemmy.world
      614·
      9 months ago

      Well excuse her for finding a permanent life partner while in college. I suppose she should be ashamed of herself, is that the consensus here?

      BTW, what exactly are her inside trades? Is it when her husband bought a large stock offering from VISA right before a big vote on VISA legislation where she *checks notes voted against VISA’s interests and passed regulation against them in 2007? Is that the big secret, voting against the big companies while buying their stock?

      Fun Fact, the top traders in Congress are all GOP reps. In 2022 she wasn’t even top 10, some years her husband makes Negative profits.

      • hark@lemmy.world
        11·
        9 months ago

        If someone who isn’t of congress nobility tells their investment firm owning spouse of insider information, they’d face severe penalties. Congress is taking advantage of the fact that they write the laws by exempting themselves.