Paul Pelosi attends a portrait unveiling ceremony for his wife, Speaker of the House Nancy Pelosi, D-Calif., in Statuary Hall at the Capitol in Washington, D.C., on Dec. 14, 2022. (AP Photo/J. Scott Applewhite, File)
"The Speaker does not own any stocks," Pelosi's communications director told FOX Business in 2022. "The Speaker has no prior knowledge or subsequent involvement in any transactions."
But long after the storm had calmed, Paul re-invested in the company, with the most recent contract from late last year. The company's stock has since taken off.
In early January, Nvidia announced mass production of slower AI chips to be sold to China that complied with U.S. export rules. Weeks later, the U.S. government announced Nvidia would be one of several companies they would partner with on an AI research program, Yahoo Finance reported.
Christopher Josephs, co-founder of Autopilot, an app that allows individuals to track and copy a politician's trades, told Fox News Digital he estimates the most recent Pelosi investment to be around $2.5 million and said the shares are up over 50% in just three months, netting them roughly $1.25 million.
PELOSI SAYS HER HUSBAND NEVER MADE STOCK PURCHASES BASED ON INFO SHE GAVE HIM
House Speaker Nancy Pelosi, D-Calif., speaks during her weekly news conference on Capitol Hill in Washington, D.C., on March 31, 2022. (AP Photo/Mariam Zuhaib, File)
And months before the Microsoft purchase, Paul grabbed between $500,000 and $1 million in Tesla investments in December 2020, roughly a month before President Biden announced the federal government would transition its fleet to electric vehicles.
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Biden, who was open about moving toward electric vehicles, in late January 2021 "directed federal officials to devise a plan for converting all federal, state, local and tribal fleets, including 225,000 Postal Service vehicles, to 'clean and zero-emission vehicles,'" The Washington Post first reported at the time.
Biden's infrastructure plan later set aside more than $170 billion for electric vehicle subsidies.
Joe Schoffstall is a politics producer/reporter for Fox News Digital. Story tips can be sent to Joe.Schoffstall@Fox.com and on Twitter: @joeschoffstall
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