Nancy Pelosi has made 91 years worth of her annual salary from this trade

U.S. Congresswoman Nancy Pelosi, long regarded as one of the most prolific traders on Capitol Hill, is once again drawing attention, this time for her highly profitable position in Nvidia (NASDAQ: NVDA).

Pelosi’s financial disclosures reveal that her $5 million investment in Nvidia on November 22, 2023, would now be worth approximately $21.5 million following the stock’s latest surge. 

That represents a profit of roughly $16 million, equal to about 91 years of her annual congressional salary of $174,000.

While Pelosi’s portfolio has since undergone rebalancing, meaning her Nvidia holdings may no longer be as large as they once were, the hypothetical profits from the original trade highlight why she’s often cited as one of Washington’s most successful investors.

The windfall from the Congress trade comes as Nvidia’s stock jumped on a wave of bullish news. For instance_, the chipmaker became the first company in history to reach a $5 trillion market valuation after its shares surged in early trading.

Why Nvidia stock is rallying 

The rally was fueled by comments from President Donald Trump, who said he would discuss Nvidia’s Blackwell AI processors with China’s President Xi Jinping, potentially paving the way for a new export agreement.

At Nvidia’s GTC technology conference, CEO Jensen Huang unveiled several major announcements, including a $1 billion investment in Nokia, a partnership with Eli Lilly to develop AI-driven pharmaceutical tools, and a collaboration with Lucid Motors to advance “mind-off” autonomous driving technology. 

Huang also confirmed that Nvidia’s fastest AI chips are now being manufactured in Arizona, marking a milestone for U.S. semiconductor production.

As of press time, Nvidia stock was trading at $205, having rallied over 2% in the past 24 hours. On the weekly chart, the stock is up nearly 50%, cementing its dominant role in the ongoing AI boom. 

Featured image via Shutterstock