Paul Pelosi Reverses and Sells Millions in Semiconductor Stocks Before Senate Subsidy Vote

Paul Pelosi Reverses and Sells Millions in Semiconductor Stocks Before Senate Subsidy Vote


Paul Pelosi, husband to House Speaker Nancy Pelosi (D-CA), sold up to $5 million in semiconductor shares that he had recently purchased before the Senate voted on a major computer chip subsidy bill on Wednesday.

Two weeks prior, Paul Pelosi bought 20,000 shares worth between $1 million and $5 million in semiconductor company Nvidia. However, in a disclosure report from Nancy Pelosi filed on Tuesday, it was revealed he sold off 25,000 shares of the Nvidia stock at an average price of $165.05 for a total loss of $341,365.

One day after the disclosure report was filed, the Senate, in a 64-33 vote, passed the $280 billion CHIPS Act, part of which gives a $52 billion subsidy to the semiconductor industry.

The House is expected

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