Former Speaker of the House Nancy Pelosi’s husband bought stock options in semiconductor company Nvidia even as the Biden administration looks to hand out subsidies to boost the industry.
Paul Pelosi purchased between $1 million and $5 million in call options, which expire at the end of 2024, at a strike price of $120 on Nov. 22, according to financial disclosures. Nvidia, a top American semiconductor manufacturer, could be one of many chip companies to soon receive subsidies and tax credits from the Biden administration through the CHIPS and Science Act, which includes $52 billion in stimulus for the industry to bolster American production in competition with Chinese technology. (RELATED: Dem Senators Earmark $1 Million For LGBT Center Hosting ‘Anti-Capitalist’ Financial Planner)
Paul Pelosi made a previous purchase in June 2022 of up to $5 million in Nvidia stock the month…
