Posts Share with X Former House Speaker Nancy Pelosi claims Pelosi He sold all of his Nvidia shares before reports emerged that the company was under antitrust investigation.
BREAKING 🚨: Rep. Nancy Pelosi sold all of her NVIDIA stock just one day before news of an antitrust investigation broke. No charges will be filed because everyone knows insider trading is only illegal if you're not a politician.
— Jason A. Williams (@GoingParabolic) September 3, 2024
Verdict: False
The allegation is without merit: Pelosi last sold NVIDIA shares in 2022, according to two sites that track her trading activity.
Fact check:
The U.S. Department of Justice has stepped up its investigation and issued subpoenas to Nvidia and other companies it believes may have violated antitrust laws. BloombergAs news of the subpoena spread, Nvidia's stock price plummeted by $279 billion, the media reported.
One post claims that Speaker Pelosi sold all of her Nvidia stock before news of an antitrust investigation into the company broke, sharing the news in text form with a siren emoji.
“BREAKING: Rep. Nancy Pelosi sold all of her NVIDIA stock just one day before news of the antitrust investigation broke,” the post read. “No charges will be filed because everyone knows insider trading is only illegal if you're not a politician.”
However, this claim is not accurate. X's post seems to suggest that news of an antitrust investigation into NVIDIA broke this week. POLITICO and The New York Times The investigation dates back to early June.
Pelosi's Regular Deal ReportThe application, filed July 1, shows that it was her husband, not her, who was conducting the financial transactions. Page 20 of the instructions states that “SP” can be used to indicate spousally owned items. (Related: Did Nancy Pelosi buy 7.5 million shares of GameStop?)
PelosiTrading activity for can be viewed below. Quiver Quantitativeis a site where individual investors can access data that is easy to interpret, and the company'sAbout Us” page. Quiver Quantitative is X post Part of the claim reads, “Nancy Pelosi “I recently sold my Nvidia stock,” the company's website also states that the item is owned by a spouse with “SP.” one time you click In One stock for more detail.
This post is on topic but doesn't appear to be accurate.
I haven't seen any reports of Nancy Pelosi selling any Nvidia stock recently.
You can track her recent transactions on Quiver. pic.twitter.com/dh48heXDnW
— Quiver Quantitive (@QuiverQuant) September 3, 2024
page Capitol Trade We also tracked Pelosi's trading activity and found that her last sale of NVIDIA shares was September 2022this too Specify It belonged to her spouse.
A spokesman for House Speaker Pelosi denied that she owns any stocks.
“Speaker Pelosi does not own any shares and has no prior knowledge or subsequent involvement in any transactions,” a spokesperson for Pelosi told Check Your Facts in an email.
