Nancy Pelosi’s husband buys over $1 million of computer chip stock. Insider trading?

Samuel Corum/AFP via Getty Images) / Getty Images)
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Paul Pelosi, House Speaker Nancy Pelosi’s husband, made a stock purchase of over $1 million in a computer chip company just weeks before a potential vote in congress which would give a massive subsidy to the industry.

Mr. Pelosi made a purchase of between $1 million and $5 million shares of Nvidia, which is a semiconductor company, according to a disclosure filing made by Pelosi’s office. He exercised 200 call options, or 20,000 shares, the disclosure states.

Reuters reported that the Senate could vote on a bill that contains billions of dollars in subsidies within the semiconductor industry as early as Tuesday.

The bill could send as much as $52 billion in chip subsidies as well as tax credits in order to increase competitiveness with China.

Read more at Foxnews.com

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!