Nancy Pelosi's Premature Nvidia Sale Costs Her A Fortune In Lost Gains
Portfolio Pulse from Chris Katje
Former Speaker of the House Nancy Pelosi and her husband sold 25,000 shares of Nvidia Corporation (NASDAQ:NVDA) in July 2022 at an average price of $165.05, resulting in a loss of $341,365. The sale was made prior to the CHIPS Act vote, which could have directly benefited Nvidia. As of 2023, Nvidia shares have gained 219% year-to-date, hitting new all-time highs. If the Pelosis had retained their position, the shares would be worth $11,617,000 today, meaning they missed out on potential profits of $7,490,750.
August 23, 2023 | 4:11 pm
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Nvidia Corporation's stock has seen significant growth since Pelosi's premature sale in 2022. The company's shares have gained 219% year-to-date in 2023.
The news highlights the significant growth of Nvidia's stock since Pelosi's sale in 2022. This could potentially attract more investors to the stock, driving its price further up.
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