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·
    11 months ago

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

      • hark@lemmy.world
        11·
        11 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.