As Nvidia (NASDAQ: NVDA) continues to dominate headlines with its stronghold in the AI and semiconductor markets, U.S. congressional trades involving the company have drawn attention in the fourth quarter of 2024.
Using Finbold’s U.S. Senators and Members of Congress stock trading tracker, we analyzed notable Nvidia-related disclosures that shed light on lawmakers’ financial moves, during a period, when NVDA’s stock price fluctuated between $117 and $149, reflecting the company’s recent characteristic volatility.
Key congressional trades involving Nvidia in Q4 2024
Democratic Representative Thomas R. Suozzi was particularly active. On October 24, he reported both selling and purchasing Nvidia shares valued between $15,001 and $50,000—a move that may indicate portfolio rebalancing. Earlier in the month, on October 2, Suozzi disclosed another sale valued between $1,001 and $15,000.
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Similarly, Josh Gottheimer, another Democratic representative, reported a sale of Nvidia stock worth $1,001 to $15,000 on October 17.
The following month saw increased congressional trading activity involving Nvidia. Republican Pete Sessions purchased shares valued between $1,001 and $15,000 on November 1.
On November 13, Democratic Representative Morgan McGarvey made five separate sales: four transactions involved shares valued between $1,001 and $15,000, while one was between $15,001 and $50,000. Democratic House member Jared Moskowitz disclosed a purchase of Nvidia stock, valued between $1,001 and $15,000, on November 8.
Finally, Republican Representative Marjorie Taylor Greene reported two Nvidia purchases: the first on November 25 and the second on December 24. Both trades were valued between $1,001 and $15,000.
Nvidia market context
The timing and frequency of these trades often spark speculation regarding the motivations behind them. Nvidia’s role as a key player in powering AI innovation and its stock’s volatility likely contributed to its appeal. However, without further disclosures or commentary, the exact rationale behind these transactions remains unknown.
Congressional stock trades are governed by disclosure regulations aimed at fostering transparency and accountability. If no additional late filings emerge, this summary encompasses all Nvidia trades reported by U.S. lawmakers during Q4 2024.
Featured image via Shutterstock
