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[Global Times Comprehensive Report] According to a report by the US Business Insider website on July 31, the financial disclosure form submitted by former US House Speaker Pelosi to the House department showed that Pelosi's husband Paul bought a large number of Nvidia shares last week and reduced his holdings of Microsoft shares. According to media reports, when this news was disclosed, the three major stock indexes in New York Stock Exchange opened higher on July 31, 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%, whileMicrosoftIt fell more than 1% against the market trend.

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

The report said that the financial disclosure form was submitted on July 30, which showed Paul's trading records on July 26. On that day, he bought 10,000 shares.Nvidiastocks, with a transaction value of between $1 million and $5 million; at the same time, he also sold 5,000 shares of Microsoft stock, with a transaction value of between $1 million and $5 million.

Regarding the latest move by the Pelosi couple, BENZINGA, a mainstream financial news website in the United States, said, "Pelosi remains one of the most watched members of Congress when it comes to stock and option trading disclosures." According to the New York Post, since 2007, the Pelosi family has earned between $5.6 million and $30.4 million by investing in five large technology companies including Facebook. Open Secrets, a Washington non-governmental organization that specializes in tracking campaign funds and lobbying data, revealed that Pelosi's wealth was only $41 million in 2004, but by 2022, it had increased to nearly $115 million.

The Pelosi couple's latest move also attracted the attention of netizens. Under the relevant news on the social platform X, many netizens sarcastically said: "Wow! Her timing is so perfect!" "Perfect insider trading, selling Microsoft before the stock price fell." Some netizens also exclaimed bluntly, "(This is) our democracy."

In fact, Congress has become a place for many members to get rich. According to the US Business Insider website, the trading activities of US members of Congress and their spouses have been criticized in recent years, and some people have called for a ban on members of Congress from trading individual stocks because they may know sensitive or non-public information. However, the report said that Pelosi once rejected calls for such legislation for a long time. The report added that earlier in July, a group of bipartisan senators proposed a new bill called the "Ethics Act" that would ban members of Congress from trading stocks.

Former U.S. House Speaker Nancy Pelosi was mocked as the "Capitol Hill Stock God" for her huge profits from insider information. According to previous media reports, Nvidia's stock transaction was not the only large transaction of the Pelosi family. According to the financial report, Pelosi's husband Paul had previously sold about $5 million worth ofVisaCompany stock and $250,000appleStock options. This series of transactions has aroused doubts from the US Congress. Republican Congressman Ralph Norman 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 stocks of related companies."

Some media said that young American investors have realized that no matter how sophisticated Wall Street investors are, they cannot compete with policy and law makers in obtaining insider information. They once regarded Pelosi as the "Queen of the Stock Market" and the "biggest dark horse in the U.S. stock market" and closely followed her investment trends on social media. "Pelosi's stock selection" and "Follow Pelosi to buy stocks" became hot topics for a while.

In the eyes of American public opinion, the speculation in the stock market by American politicians headed by Pelosi is tantamount to "dimensionality reduction attack", and they have reaped all the policy dividends. On American social media, young investors mocked Pelosi, the "Capitol Hill stock god", while complaining that "all kinds of chaos are shocking." (Suo Yanqi)