New Pelosi AI Investment and Other Insights From This Week's Data

Between new Nancy Pelosi investments, a potential new AI team-up between Apple (AAPL) + Google (GOOGL), and new developments at Nvidia (NVDA) - AI continues to dominate the headlines.

Here’s a snapshot of what we saw in some of our datasets last week:

LAST WEEK’S CONGRESSIONAL TRADES 

Insights from our Congress Trading Dashboard

• Representative Nancy Pelosi filed a $1 million investment in Databricks, a company that works with generative AI. Pelosi has recently had strong performance within this industry, with large returns on her recent Nvidia (NVDA) investments.

• Representative Dan Meuser filed 3 sales of Nvidia (NVDA). Meuser has been selling NVDA since early 2022 and sits on the Committee on Financial Services.

• Representative Thomas Kean Jr. filed a purchase of Berry Global Group (BERY) which makes plastic products, and Nike (NKE). Kean sits on the Committee on Foreign Affairs 

• Representative Jonathan Jackson filed a purchase of Hexcel Corporation (HXL) that produced defense materials. Jackson sits on the Committee on Foreign Affairs. 

• Representative Max Miller filed a purchase (capital call) of an Elliott Associates private fund. Miller is an active private investor with a net worth of $13.77 million at 35. 

• Senator Mitch McConnell filed a purchase of Wells Fargo (WFC). McConnell is the Senate minority leader and has been purchasing large amounts of WFC since 2017. 

To see more details about their trades, and how they’ve performed since, check out our Congress Trading Dashboard. 

BEHIND THE CURTAIN HIGHLIGHTS

Insights from our Behind the Curtain Dashboard.

We combine the data we've been collecting on corporate lobbying, congressional stock trading, and proposed legislation in order to allow you to track what is going on behind the scenes in Washington, D.C. You can use this tool to see which bills are being considered by Congress, which publicly traded companies are lobbying on those bills, and which congressmen have traded stock in those companies.

Here are some of the more major and recent updates.

Federal Information Security Modernization Act of 2023

• Currently 4 publicly traded companies lobbying on this bill: AXP, JPM, OKTA, and PANW

• There are 245 relevant congressional stock trades in those tickers

Atomic Energy Advancement Act

• Currently 5 publicly traded companies lobbying on this bill: EBAY, ETR, GOOGL, PNW, and XEL

• There are 172 relevant congressional stock trades in those tickers

Bipartisan HSA Improvement Act of 2023

• Currently 5 publicly traded companies lobbying on this bill: BA, CI, HQY, LMT, and WEX 

• There are 263 relevant congressional stock trades in those tickers

Check out the dashboard for a full breakdown. 

TRANSPORTATION AND INFRASTRUCTURE COMMITTEE STRATEGY

Insights from Quiver Strategies

This strategy tracks the performance of stocks that have been recently purchased by current/past members of the U.S. House's Transportation and Infrastructure Committee (or their family). This strategy is weighted based on the reported size of the purchases, with weekly rebalancing.

In the last year, this strategy has wildly outperformed the greater market with a return of 44.21%

Above, you can see U.S. House's Transportation and Infrastructure Committee returns (blue) compared against SPY.

Quiver Strategies allows you to see the entire holdings of the strategy as well as the recent opens, liquidations, and rebalancing.

You can try out features like this for yourself with Quiver Premium. 

NVIDIA REVEALS GROUNDBREAKING B200 BLACKWELL CHIP

Insights from the Quiver News Feed.

Nvidia (NVDA) saw its stock climb 1% on news that its latest AI processor, the B200 Blackwell chip, is set to ship this year, as announced at the company’s annual developer conference. Despite earlier losses, the stock surged to around $895, reflecting investor enthusiasm for the new chip's potential impact. The B200 Blackwell is touted to be significantly more efficient than its predecessor, offering 30 times faster performance at certain tasks, and is expected to be priced between $30,000 and $40,000.

Analysts have noted that Wall Street might have already anticipated the launch of the Blackwell chip, which is key to maintaining Nvidia's competitive edge in the rapidly evolving AI sector. Despite this, the high expectations set for the chip might pose a challenge in meeting market hype, especially following Nvidia’s stock's impressive 80% surge earlier in the year.

Continued on our News Feed.