government’s hardened stance to prevent technology transfers to China (including Hong Kong) and Russia and the new license requirement for exports to these countries further pose challenges. While macro and geopolitical headwinds continue to play spoilsport, the U.S. It’s worth mentioning that NVDA stock has lost over 50% of its value this year alone. Come 2022, Russia’s invasion of Ukraine, COVID-led restrictions in China, and macro weakness across many parts of the world weighed on Nvidia’s growth and dragged its stock down. It witnessed an overwhelming demand for its products, leading to a rally in its stock price. Nvidia manufactures ICs (integrated circuits) and high-end GPUs (graphics processing units). Despite the decline, NVDA stock has negative signals from hedge funds, corporate insiders, and retail investors, implying the stock could remain pressured in the short term.īut before reaching a conclusion, let’s examine why Nvidia stock is down and what’s on the horizon for its investors. A slowdown in growth and overall selling in tech stocks weighed on its share price. The Pelosis’ trading activity is viral on social media: a Twitter account titled “Nancy Pelosi Stock Tracker” tracking his holdings has 88,000 followers, while TikTok videos on the investments regularly generate millions of views.Shares of tech giant Nvidia ( NASDAQ:NVDA) have lost substantial value this year.
“Speaker Pelosi and her husband remain undeterred from cashing in,” Hawley wrote in a letter to the head of the Senate Homeland Security and Governmental Affairs Committee, Sen. Josh Hawley (R-Mo.) called last week for a hearing to crack down on alleged insider trading from lawmakers and their families, citing the Pelosi and Nvidia deal. When asked by a reporter last week if her husband ever traded on information provided by her, Pelosi replied: “Absolutely not.” Chief Critic Jon Ossoff (D-Ga.) and Mark Kelly (D-Ariz.) introduced a bill in January barring members of Congress and their family members from owning individual stocks, an idea to which Nancy Pelosi has signaled openness. Members of Congress are required to publicly disclose all trades made by themselves or their immediate family within 45 days. Pelosi also bought more than $2 million in Tesla stock in March. Paul Pelosi’s investments have generated significant public interest, notably when he made a $5.3 million windfall after exercising Alphabet options last June shortly before a House vote on antitrust actions against Silicon Valley titans (considering Pelosi’s options would have expired on the day they exercised them, it’s highly unlikely anything against the rules occurred).
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