Nancy Pelosi places big bets on two surging tech stocks

Few congressional portfolios attract as much scrutiny as Nancy Pelosi's. 

Her husband, Paul Pelosi, who executes the family's trades, has previously disclosed bets on Microsoft and Alphabet that outpaced the S&P 500. 

His latest moves may draw even more attention. 

Investing.com reports that Pelosi purchased call options on both Intel (INTC) and Uber (UBER) on May 29, 2026, with a combined disclosed value of up to $6 million.

What the stock act filing shows

The Stop Trading on Congressional Knowledge (STOCK) Act requires members of Congress to disclose financial transactions within 45 days. 

Pelosi's filing, signed June 23, came 25 days after the May 29 transaction date. 

According to a TradingView article, both are classified as new purchases, not amendments to prior holdings.

The two positions are structured identically:

• Intel (INTC): 200 call contracts, $50 strike, disclosed value of $1 million to $5 million, expiring March 19, 2027.
• Uber (UBER): 200 call contracts, $50 strike, disclosed value of $500,001 to $1 million, expiring March 19, 2027.

MicroStockHub &sol Getty Images

Why call options instead of shares?

Each contract covers 100 shares, giving exposure to 20,000 shares per stock at a fixed price of $50. 

If either stock drops below $50 before March 2027, losses are strictly limited to the premium paid. 

If both remain above $50, the options track the shares directly without the huge upfront cost of buying the stock.

It is a capital-efficient way to take a large, high-conviction bet. 

The trader pays a smaller premium to control a larger number of shares, amplifying the gain if the stock climbs and capping the loss at that premium if it doesn't.

Intel hits 26-year high on policy and growth 

According to Yahoo Finance, Intel stock has skyrocketed over 260% this year and roughly 500% over the past 12 months.

TheStreet detailed Intel's 26-year stock record in 2026. 

This massive run was driven by a first-quarter earnings blowout, a manufacturing deal with Apple, and Elon Musk's Austin Terafab's decision to choose Intel's advanced chips.

Related: Uber cuts jobs while chasing major new markets

The U.S. government holds approximately a 10% stake in Intel, and the Trump administration's push for domestic chip manufacturing gives it a policy advantage over competitors. 

Bank of America double-upgraded Intel from Underperform to Buy on June 11. 

On June 23, they raised their price target from $135 to $160, pointing to a 2030 server CPU market projected to top $2.7 trillion.

With Intel near $134 at disclosure and the strike at $50, the position carries approximately $84 of in-the-money value per share.

Uber: the chart doesn't tell the full story 

Despite Uber's stock dropping 10% this year and 19% over the past 12 months, according to the company's stock data page on Yahoo Finance, its financials are strong.

In the first quarter of 2026, Uber delivered an earnings blowout with EPS surging 44% year-over-year to $0.72 while its Uber One loyalty membership topped 50 million users.

Wall Street analysts expect this momentum to continue, projecting that Uber's annual earnings will more than double from $3.30 in 2026 to $6.87 by 2030.

More Tech Stocks:

• Cathie Wood buys $9.6 million of megacap tech stock
• Bank of America resets Marvell stock price target
• Biotech stock sends Wall Street a surprising signal

High-profile backing supports this bullish outlook; Bill Ackman's Pershing Square Capital Management holds Uber as one of its top three positions.

For the Pelosi trade, with Uber trading around $74 at disclosure, the contracts already secure a highly lucrative $24 of in-the-money value per share above their $50 strike price.

Uber vs. Intel vs. S&P 500: a performance comparison 

The stark difference between these two trades highlights a calculated strategy:

• Intel (INTC): up more than 260% year-to-date, outpacing the S&P 500 by more than 250 percentage points.
• Uber (UBER): down roughly 10% year-to-date, trailing the market by nearly 18 percentage points.
• S&P 500: up approximately 8% year-to-date. 

Pelosi is placing nearly identical structural bets on two stocks sitting at opposite ends of the performance spectrum.

In plain terms, her strategy is to win two different ways with the same bullish call. 

The Intel bet backs a stock that is already winning and wagers that the run will continue. While the Uber play does the opposite, betting that a beaten-down stock is going to recover. 

This shows that Pelosi sees Uber as undervalued while some other traders avoid it.

What still needs to hold

For Intel, the CFO's message at a Bank of America technology conference in June made clear that demand is not the constraint. Supply is. 

The 18A manufacturing node ramp and the Apple chip production schedule are key milestones to track through the rest of 2026.

For Uber, the CEO has positioned autonomous vehicle partnerships as the next phase of growth, with more than 30 AV operators now on the platform. 

The key test is whether those partnerships convert into measurable bookings growth before March 2027.

Both contracts have nine months to run. These are not short-term calls. They are position bets on two companies that are expected to hold well above $50.

The takeaway 

The Pelosi disclosures do not tell investors what to buy. They show where a closely watched portfolio is placing serious capital across two very different risk profiles. 

Intel is the larger, safer bet because its current stock price is already sitting far above the locked-in $50 purchase price. 

It is also backed heavily by booming AI chip demand and a government push for domestic manufacturing.

Uber is a different kind of bet. 

Its business is fundamentally healthy, but the stock market has not yet rewarded the company with a higher share price. 

Watch Intel's second-quarter earnings and Uber's autonomous vehicle booking numbers as the clearest near-term indicators on whether these calls stay well above their strike.

Related: Intel’s stock split history (& prospects) explained