Nancy Pelosi, husband betting millions on Nvidia despite scrutiny of congressional stock trading

Former House Speaker Nancy Pelosi and her venture capitalist husband are once again betting big on AI software giant Nvidia after dumping their shares in the company amid scrutiny of congressional stock trading, according to new filings.

The X account known as Congresstrading, which tracks stock trades executed by lawmakers on Capitol Hill, published a screenshot of a disclosure form that showed that Pelosi, the San Francisco Democrat, and sitting congresswoman, bought 50 call options with a strike price of $120 and an expiration date of Dec. 20, 2024.

The transaction, made last month, was for $2 million, according to popular stock-trading news site Unusual Whales. The disclosure form showed the amount as between $1 million and $5 million.

“Pelosi bet millions on $NVDA in November using call options. Using a deceptive tactic, she purposely disclosed this on the Friday before Christmas weekend to avoid media coverage,” Congresstrading tweeted. $NVIDIA(NVDA.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US)$