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
  • webghost0101@sopuli.xyz
    42·
    10 months ago

    I am not saying politicians aren’t routinely filling their pockets with insider information but most people who have an interest in at ai could have seen this coming. I am simply not rich enough to join the game and make profit.

    • hark@lemmy.world
      3·
      10 months ago

      I knew about AI when it was all the rage years ago. Why has nvidia been surging now because of AI when it was already a thing long ago? Kinda seems like a made-up narrative to pump the stock market (of which tech stocks drives a lot of the movement).

      • webghost0101@sopuli.xyz
        1·
        10 months ago

        All the rage years ago?

        I mean sure i’ve had an interest myself for longer as i am a nerd, its always been really cool. But I remember very little enthusiasm by others.

        If you asked anyone on the street about ai a few years ago they might know cleverbot but definitely no machine learning. No one had any reasonable expectation for real practical use cases and a intelligence explosion even while there where real practical uses already it was a scientific niche.

        Openai has absolutely blown this up. Now even my mom knows what ai is. The intelligence explosion is so tangible people literally fear the end of the world.

        Everyone can see that big money can be made using ai, every major company is now trying to get hold of some form of it.

        Nvidia has profiles themselves as the only real option for ai compute. They are selling more industrial ai cards then consumer ones, demand keeps climbing. Its projected to keeping climbing so even right now if you wanna invest Nvidia is probably a super safe bet (no financial advice, personally i dont play that game at all)

        You can absolutely agree with the reality of it. Competition is making progress, the potential for ai has been there for years but markets are much more about public perception then annything else.