Nvidia, Apple, and 5 More AI Stocks Nancy Pelosi is Trading Now

According to new disclosure forms, closely watched Capitol Hill trader Nancy Pelosi is staying active in the stock market. The Democratic Congressional representative from California largely stuck to her wheelhouse of mega-cap tech stocks during her first set of trades since last July, scooping up $150-strike call options set to expire next January on both Alphabet (GOOG) (GOOGL) and Amazon (AMZN). 

Separately, former Speaker Pelosi sold 31,600 shares of Apple (AAPL), along with 10,000 shares of Nvidia (NVDA), and exercised 500 NVDA call options with a strike price of $12 in late December. More recently, the California Democrat scooped up Nvidia stock worth up to $500,000 in mid-January.

Among the other artificial intelligence (AI)-related stocks on Pelosi’s radar, the veteran politician also snagged up to $5 million each of Vistra (VST) and Palo Alto Networks (PANW), and up to $100,000 of Cathie Wood pick Tempus AI (TEM).

The trading activities of Pelosi and other lawmakers have sparked ethical debates, as critics argue that congressional insiders could have an unfair market advantage. In particular, Pelosi has garnered attention for her investing activities due to her impressive portfolio performance, with the rep’s 70.9% return in 2024, surpassing the S&P 500 Index's ($SPX) roughly 25% gain. 

Despite the controversy, Pelosi’s trades are closely watched by investors and analysts, making her a notable figure in the trading community. In fact, the Unusual Whales Democratic Trades ETF (NANC) carries the ticker symbol NANC in a nod to her influence. With the fund's top holdings bearing a strong resemblance to the Nasdaq-100 Index ($IUXX), NANC is up 27.6% over the past 52 weeks.

For investors looking to copy Nancy’s trades, investing in mega-cap tech stocks like Apple, Alphabet, and Amazon can be promising, given their strong market positions and consistent performance. The average recommendations for these stocks are generally favorable, with Amazon receiving a particularly enthusiastic “Strong Buy” rating. 

However, current prices for these stocks are relatively high, and it's important to consider market volatility and economic developments that could impact the tech sector - including the upcoming parade of quarterly earnings from this group. Overall, if you have a long-term investment horizon and can tolerate some market volatility, now could be a good time to follow Pelosi’s lead and add shares of these tech giants.