Pelosi's husband dumps Nvidia stock as House eyes chip bill

July 27 (Reuters) - U.S. House Speaker Nancy Pelosi's husband sold his shares of chipmaker Nvidia (NVDA.O) on Tuesday, days before the House is expected to consider legislation providing subsidies and tax credits worth over $70 billion to boost the U.S. semiconductor industry.

In a periodic transaction report, the senior Democrat disclosed that her husband, financier Paul Pelosi, sold 25,000 shares of Nvidia for about $4.1 million, ending up with a loss of $341,365.

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Paul Pelosi frequently trades shares of companies popular with many investors, including Apple (AAPL.O), Microsoft (MSFT.O) and other tech companies.

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Transaction reports filed by Pelosi, a multi-millionaire, show her husband bought 5,000 Nvidia shares in July 2021, and that he exercised options to buy another 20,000 Nvidia shares last June.

The Senate is expected to vote on final passage in coming days of legislation providing about $52 billion in government subsidies for U.S. semiconductor production, as well as an investment tax credit for chip plants estimated to be worth $24 billion.

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The legislation, which aims to make the domestic chip industry more competitive with China's, would then be taken up in the U.S. House under Pelosi's direction.

Last year, Pelosi defended the rights of federal lawmakers to trade stocks, but she later responded to calls for a ban on trading by lawmakers by signaling willingness to potentially advance such legislation.

A 2012 law makes it illegal for lawmakers to use information from their work in Congress for their personal gain. The law requires them to disclose stock transactions by themselves or family members within 45 days.

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An analysis by Unusual Whales, a service selling financial data, concluded that congressional lawmakers last year traded $290 million in stocks, options, cryptocurrency and other assets, and that they outperformed the market, on average.

Santa Clara, California-based Nvidia is most valuable U.S chipmaker.

这次的反应真的有点厉害，几乎是要断交的样子。

wlsssw 发表于 2022-08-05 08:17

不抓非移了？那就是要鼓励偷渡事业了？人口永远是最有利润的生意，这是利好啊

气候变化是有关啥的？

尼玛，这节骨眼，连冰球都不让玩了，是不是也是制裁之一？

德国刘晓庆能不能暂停刷屏啊。。想看其他人发言。

唉，矛盾一升级华人都跟着倒霉。这个佩洛西真是个名副其实的搅屎棍，跟本版名媛墨西哥辣椒好有一拼。

通天帝国 发表于 2022-08-05 09:42

咱们高华会怎么被处理？有点害怕

回复 39楼雁过的帖子

气候变化好像是中美两国现在唯一能合作的议题，现在也停了。

htmems 发表于 2022-08-05 10:08

都有关啥的？电车这类的吗？