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Paul Pelosi Sold All Of His NVIDIA Stock One Day Before Congress Set To Pass ‘’SHIPS-Plus’’ Bill!

Pelosi’s husband, Paul Pelosi, sold all of his NVIDIA stock one day before Congress was set to vote on a bill that would boost domestic production of semiconductors.

Paul bought up to $5 Million in stock options in a computer-chip company.

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Insider covered this story:

Speaker of the House Nancy Pelosi husband, Paul Pelosi, has sold all of his stock in NVIDIA on Tuesday as Congress is set to pass the “CHIPS-plus” bill.

Paul Pelosi sold between $1 million and $5 million worth of NVIDIA stock, or 25,000 shares, at an average price of $165.05 on July 26, according to a mandatory congressional financial disclosure filed Tuesday by the speaker. Members of Congress are only required to report the values of their trades in broad ranges.

The disclosure states that by selling the shares, Paul Pelosi suffered a “total loss of $341,365.”

This disclosure of a financial loss is notable because Nancy Pelosi, a Democrat from California, rarely volunteers such detailed information about her husband’s stock and stock option trades.

Nancy Pelosi denied the fact that her husband has made a stock purchase or sale based on the data he got from her.

“Has your husband ever made a stock purchase or sale based on info received from you?” a reporter asked Pelosi.

“No! Absolutely not, okay, thank you,” Pelosi said.

Watch this.

Reporter: “Has your husband ever made a stock purchase or sale based on info received from you?”

Pelosi: “No, absolutely not.”

The Pelosi’s recently bought shares in Nvidia, $NVDA, worth millions.

Nancy Pelosi backs the CHIPS Plus bill, a $52B semiconductor bill. pic.twitter.com/uMNIRVxg44

— unusual_whales (@unusual_whales) July 21, 2022

The Senate on Wednesday passed the CHIPS=plus bull, which boosts domestic production of semiconductors.

“The package includes more than $52 billion for U.S. companies producing computer chips, as well as a tax credit for investment in chip manufacturing. It also provides funding to spur the innovation and development of other U.S. technologies.” CNBC reported.

Source
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