Originally published on InvestorPlace.com
Follow the true oracle with these Nancy Pelosi stocks.
While you might not agree with the political stuff, Nancy Pelosi stocks have represented a tremendously popular topic. You might say there’s bipartisan support for tracking the securities that the former House Speaker has acquired.
Investors have plenty of reasons to consider trading alongside the legislator. First, Pelosi is smart. Again, you can disagree with her politics. However, you don’t rise to power (and stay there) without commanding tremendous intellect. Second, she knows how things work (or don’t work). If Pelosi feels strongly about a company, you should at least pay attention.
Granted, no one has a 100% success rate. Still, these Nancy Pelosi stocks have proven to be quite lucrative.
Nvidia (NVDA)
Source: Piotr Swat / Shutterstock.com
Undoubtedly one of the favorite (if not the favorite) ideas among Nancy Pelosi stocks, Nvidia (NASDAQ:NVDA) has been kicking the bears’ hindquarters since the closing months of 2022. The former House Speaker last acquired NVDA in November last year. It’s been a lucrative decision. Over the past six months (going back to Nov. 2), NVDA gained over 97% of its equity value.
That’s really nothing compared to the past 52-week performance, when NVDA ripped out a 204% return. Nvidia of course is best known for its graphics processing units. Initially, these GPUs focused on gaming applications. Increasingly, though, their processing capabilities served myriad other functions, such as datacenters and of course AI. With more enterprises focused on digital intelligence, Nvidia commands an enviable advantage in the space.
Admittedly, there is a risk regarding AI being overhyped. If so, a steeper correction could materialize than the one we’ve seen. Still, analysts don’t seem worried one bit. For the current fiscal year, they’re targeting revenue of $111.92 billion, up 83.7% from last year’s tally of $60.92 billion.
Must be grand to live a life of public service.
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