Speaker of the House Nancy Pelosi (D., Calif.) and her multimillionaire husband, Paul Pelosi, saved hundreds of thousands of dollars by selling their shares in Nvidia about one month before the U.S. government placed restrictions on the tech company, causing its stock price to plummet.
In July, the Pelosis sold all 25,000 of their shares in Nvidia. On Aug. 26, the government ordered Nvidia to stop selling microchips in China and Russia without authorization, which could cost the company up to $400 million, CNBC reported on Wednesday. The day after CNBC’s report, Nvidia’s stock price was down nearly 12 percent, according to the Wall Street Journal.
By selling the shares before the news broke, the speaker and her husband saved around $600,000, according to multiple Twitter accounts that track the Pelosis’ controversial stock trades. https://freebeacon.com/democrats/pelosi-saves-hundreds-of-thousands-of-dollars-through-another-timely-stock-move/
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