Former House Speaker Nancy Pelosi’s investment activities have garnered attention, particularly her notable stake in Nvidia (NASDAQ:NVDA), which significantly bolstered her financial portfolio. However, Pelosi isn’t the sole congressional figure making moves in the chip designer’s stock. Here’s a glimpse into the recent trades involving Nvidia among Capitol Hill members.
Nvidia’s Popularity Among Congressional Investors
Rep. Daniel Meuser (R-PA), a member of the Financial Services Committee, disclosed three sales of Nvidia shares amounting to approximately $600,000 on Feb. 20. This follows Meuser’s previous divestments in Nvidia in May and August 2023.
Similarly, Rep. Josh Gottheimer (D-NJ), another member of the Financial Services Committee, sold Nvidia shares valued at up to $15,000 on Feb. 8.
Conversely, Rep. Michael Guest (R-MS) of the Homeland Security committee purchased Nvidia shares worth up to $15,000 on Feb. 20. Guest’s investment preceded Beijing’s decision in March to restrict the use of microprocessors from Intel and Advanced Micro Devices in government hardware.
Nvidia’s Financial Performance and Outlook
Apart from political trading activity, Nvidia’s stock continues its upward trajectory, buoyed by robust financial fundamentals. Year-to-date, NVDA has surged by 82.5%.
Nvidia recently reported impressive quarterly results, with record revenues of $22.1 billion, representing a substantial 265% increase year-over-year. Data center revenues surged by 409% to $18.4 billion.
Earnings per share (EPS) soared nearly fivefold to $5.16, surpassing analyst estimates. Nvidia maintains a strong liquidity position, closing the quarter with nearly $26 billion in cash, surpassing its debt levels.
Analysts anticipate significant revenue and EPS growth for Nvidia, supported by its dominant presence in generative AI. The stock retains a “Strong Buy” consensus rating with a mean target price of $912.12, reflecting a marginal upside from current levels.
Out of 39 analysts covering the stock, 34 rates it as a “Strong Buy,” 2 as a “Moderate Buy,” and 3 as a “Hold.”
Featured Image: Megapixl
Author Faith Yakubu 
