Ex-House Speaker Nancy Pelosi’s husband made $38 million worth of stock trades in the weeks leading up to President Donald Trump’s inauguration — including an investment in a once-obscure artificial intelligence firm whose shares have soared nearly 50% in the past week.
Paul Pelosi, the venture capitalist who is married to the Democratic lawmaker whose 11th congressional district encompasses San Francisco, sold $24 million worth of Apple stock as well as $5 million worth of shares in AI chip-maker Nvidia.
Both of those lucrative transactions were executed on New Year’s Eve, according to government filings. Nancy Pelosi is legally required to disclose her husband’s stock trades.
Paul Pelosi, who survived a vicious hammer attack inside the couple’s San Francisco home more than two years ago, has also taken a new position with Tempus AI, a Chicago-based health technology company that uses artificial intelligence to process clinical and molecular data.
According to the filing, Paul Pelosi bought $100,000 worth of call options in Tempus AI on Jan. 14. Since the Pelosi position was revealed, the company’s stock has surged.
When the market opened on Jan. 14, Tempus AI stock was trading at around $32 a share. As of Thursday, however, shares of Tempus AI, which went public last June in an IPO that priced the stock at $37 per share, were trading at around $50.50 per share — an increase of 60%.
Christopher Josephs, the tech entrepreneur who has operated the “Nancy Pelosi Stock Tracker” on X since January 2021, launched an app that allows traders to buy stocks and amass a portfolio that is identical to that of the former House speaker’s husband.
Josephs told The Post that his Autopilot investment app, which has been online since January 2023, has facilitated more than $325 million in total trades by users who use the same strategy as Paul Pelosi.
He told The Post that through Tuesday traders who are copying Pelosi have amassed $45 million in realized and unrealized gains thus far.
The Pelosis’ stock trades have generated handsome returns on investment, according to the social media personality known as “Unusual Whales.”
In the 12-month period that ended on Dec. 30, the couple’s portfolio has seen its overall value increase by more than 70%.
The former speaker’s spouse also recently bought $500,000 worth of call options in Google parent company Alphabet, as well as in Amazon and Nvidia, according to public records.
Exercising a call option means using one’s right to buy a stock at a set price — “strike price” — regardless of its current market value.
Pelosi’s filings also showed that she exercised 500 call options in Nvidia at a $12 strike price. She also did the same with 140 call options in Palo Alto Networks, the Silicon Valley-based cybersecurity firm, at a $100 strike price.
Nancy Pelosi also reported in the filing that her husband executed a purchase of 50 call options in Vistra, the Irving, Texas-based energy company, at a strike price of $50 with an expiration date of Jan. 16, 2026.
The transaction ranged between $500,000 and $1 million, according to the filing.
In the last month, Vistra’s stock has gained more than 33%. As of Wednesday afternoon, it was trading at around $188 per share.
“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” a spokesperson for the congresswoman told The Post on Wednesday.
Nancy Pelosi’s net worth is estimated to be over $240 million, largely derived from her husband’s investments, including major holdings in Apple, Nvidia and Microsoft as well as a $45 million real estate portfolio.
Her husband’s stock trades, particularly timely investments before key legislative actions, have sparked ongoing debates about potential conflicts of interest and the need for stricter regulations on lawmakers’ financial activities.
Nancy Pelosi initially opposed proposals that lawmakers and their spouses be banned from trading stocks — insisting that her husband makes stock trades independently and that she has no involvement.
But her comments drew a bipartisan backlash which has since spurred attempts to change the laws governing lawmakers’ stock trading activities.
In September, Trump demanded that Nancy Pelosi “be prosecuted” over her husband’s Visa stock trades ahead of a Justice Department lawsuit against the credit card giant.
Last month, Nancy Pelosi, 84, underwent hip replacement surgery following a fall during a congressional trip to Luxembourg. She has since returned to Washington, DC, and continues to represent her San Francisco district in Congress.
The former speaker has continued to act as a major power broker in her party — as demonstrated by her influence in pushing former President Biden out of the race this past summer following his disastrous debate performance against Trump.
Before leaving office, Biden said he supports a ban on sitting members of Congress and their spouses trading stocks.
Biden’s recent comments marked a shift in his earlier position, which was noncommittal. Reports also indicate that the Bidens and Pelosis had a personal falling out since the former president bowed out of the 2024 race.