Time: 2024-07-05
Congresswoman Nancy Pelosi , a prominent figure in politics , recently engaged in significant investment activities in the Stock market . Pelosi purchased shares of two semiconductor giants , Nvidia ( NASDAQ : NVDA ) , and Broadcom ( NASDAQ : AVGO ) . These transactions took place between June 24 and July 1 , with Pelosi acquiring 10,000 shares of Nvidia , valued between million and million . She also bought twenty call options on Broadcom with a strike price of 00 . The call options are set to expire on June 20 , 2025 , and are estimated to be worth between million and million . The rise in AI spending has been a driving force behind the impressive growth of Nvidia and Broadcom stocks by over 100 % and 50 % year - to - date , respectively.
In addition to her purchases , Pelosi also sold off 2,500 shares of Tesla ( NASDAQ : TSLA ) and shares of Visa ( NYSE : V ) . Analysts have expressed optimism about NVDA stock , with a Strong Buy consensus rating and an average price target of 35.81 , indicating a potential upside of 5.87 % from current levels.
Nancy Pelosi 's investment in Broadcom Inc. ( NASDAQ : AVGO ) has garnered attention due to the company 's strong financial performance . With a market capitalization of 92.19 billion , Broadcom has demonstrated robust growth and investor confidence . The company has a track record of increasing dividends for 14 consecutive years , highlighting its commitment to shareholder returns . Analysts foresee sales growth in the coming year , making Broadcom an attractive choice for long - term investments.
InvestingPro offers detailed insights on Broadcom , including its financial health and market position . Investors can access 17 tips on Broadcom through https://www.investing.com/pro/AVGO , with the option to use the coupon code PRONEWS24 for up to 10 % off a yearly Pro or Pro+ subscription . Pelosi 's investment decisions reflect her confidence in the tech industry and provide a glimpse into her investment strategy and portfolio diversification.
Business
