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Source: Huanqiu.com

[Global Network Report] According to Business Insider and other US media reports on July 31, according to the financial disclosure form submitted by former US House Speaker Pelosi to the House of Representatives, her husband Paul bought more Nvidia shares last week and reduced his holdings of Microsoft shares. When this news was disclosed, according to media reports, the three major stock indexes in New York opened higher on the 31st, and the intraday gains expanded. At the close of the market, the three major stock indexes all rose. On that day, Nvidia's stock price rose sharply by more than 12%, while Microsoft fell more than 1% against the market trend on the 31st.

Business Insider said that Pelosi's financial disclosure form was submitted on July 30, showing Paul's transaction records on July 26. On that day, he bought 10,000 shares of Nvidia stock, with a transaction value of between $1 million and $5 million; and sold 5,000 shares of Microsoft stock, with a transaction value of between $1 million and $5 million.

Pelosi (left) and her husband Paul Source: US media report

The report added that the disclosure came just weeks after the Pelosi couple reported another transaction in which Paul bought 10,000 shares of Nvidia in late June.

Business Insider said that the trading activities of US congressmen and their spouses have been under fire in recent years, and some have called for a ban on congressmen from trading individual stocks because they may be aware of sensitive or non-public information. However, the report said that Pelosi once rejected such calls for legislation for a long time. At the same time, Pelosi, the former speaker of the US House of Representatives, was mocked as the "Capitol Hill stock god" for making huge profits from insider information.

The latest move by the Pelosi couple also attracted the attention of netizens. Under the relevant news on the social platform X, many netizens complained sarcastically: "Wow! Her timing is so perfect!" "Perfect insider trading, selling Microsoft before the stock price fell. Wow, impressive!"↓

Some netizens also lamented, "(This is) our democracy." "This should not be allowed."↓

According to previous media reports, Nvidia's stock transaction is not the only large transaction of Pelosi's family. According to the financial report, Pelosi's husband Paul had previously sold Visa shares worth about $5 million and Apple stock options worth $250,000. This series of transactions has aroused doubts from the US Congress. Republican Congressman Ralph Norman called the latest move "very bad." He said: "Pelosi must know the progress of the chip bill. With the voting approaching, it is suspicious for anyone around her to buy a large number of related company stocks."