CA representative Nancy Pelosi discloses over $1 Million in Broadcom stock purchase amid AI surge

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CALIFORNIA – California representative Nancy Pelosi has disclosed a purchase of Broadcom Inc. (AVGO) stock valued between $1 million and $5 million, according to CapitalTrades.com, a free, real-time tracker of stock market transactions by U.S. politicians.

“She exercised the Broadcom call options she bought last year. She now owns 20,000 shares of $AVGO worth up to $5,000,000. Since her buy last year, the stock is +70%,” posted Nancy Pelosi Stock Tracker on X.

The transaction, made by Pelosi’s husband Paul Pelosi, dated June 20 was disclosed on July 10. 

Broadcom, a major player in semiconductors and AI infrastructure, has seen increased investor interest amid a national push for AI development and domestic chip manufacturing.

In the second quarter of fiscal 2025, the company’s AI revenue rose 46% to $4.4 billion, with AI networking up over 170%.

Pelosi has faced scrutiny over certain trades 

According to Capital Trades, Pelosi has made 46 trades over the last three years, totaling $62.95 million.

The largest of these were sell transactions in Apple ($24 million) and Nvidia ($5 million) executed on New Year’s Eve 2024.

Pelosi has faced scrutiny over trades linked to companies facing government investigations or regulatory actions.

In July 2024, Paul Pelosi sold 2,000 Visa shares worth between $500,000 and $1 million shortly before the U.S. Department of Justice filed an antitrust lawsuit against the company in late September. 

In response to inquiries regarding Paul Pelosi’s trades, a spokesperson for the former speaker issued a statement saying, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”

STOCK Act created to promote transparency in government

The STOCK Act, signed into law by President Barack Obama in 2012, requires members of Congress and other public officials to publicly report stock trades. 

Transactions must be disclosed within 30 days of receiving notice of the trade, and no later than 45 days after it occurs.

The law aims to prevent insider trading and increase transparency in government.

RELATED: New CA bill bans lawmakers from issuing digital assets after investors lost $2 Billion on TRUMP coin

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