I know this is very elementary analysis but Nancy Pelosi buying 10,000 shares of $NVDA at $120 really makes me think Nvidia is going higher.
In my opinion, this woman is absolutely insider trading.
You do not buy a stock up 150% YTD for funsies.
She has talked to different people within the government, heads of states, strategic operatives at companies, lobbyists…hell she even went to Taiwan and likely learned more about $NVDA there.
A HYPOTHETICAL EXAMPLE OF HOW SHE COULD KNOW MORE THAN US:
What if Nancy talked to officials in the Middle East that proved to her how much demand they were starting to have for Nvidia chips?
Nvidia has to deal with certain legal rules around selling to the Middle East, but if those rules get lifted in a new bill being passed…or in a new administration…how could that affect the company?
Qatar literally just ordered a BUNCH of $NVDA GPUs for one of the largest Qatar telecommunications companies (Ooredoo) last month…
Nancy Pelosi is NOT an idiot. She has survived in congress this long because of how smart she is.
If she’s buying 10,000 shares of $NVDA here, it’s because shes confident. We can’t stop politicians from trading, but thankfully we can see their trades. Again, this is elementary analysis, I wouldn’t buy only because of Nancy…but it does make me feel Nvidia is not done this year yet.
Also, she didn’t even buy ITM call options to get a cheaper deal, she just bought straight stock to get as much exposure 🤯🤯🤯
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