Josh Gottheimer, a U.S. Congressman representing New Jersey’s 5th Congressional District, has just disclosed a suspicious stock trade.
Namely, on June 24, Gottheimer bought Nvidia (NASDAQ: NVDA) stock ahead of a major policy shift that has since boosted the stock’s value.
Indeed, President Donald Trump lifted restrictions on U.S. AI chip exports to China this week, a decision likely to prove beneficial to the semiconductor company.
Since Gottheimer’s trade, Nvidia shares have surged almost 16%, raising questions once again about the timing of congressional stock trades.
Nvidia performance
Nvidia, a key supplier of advanced chips used in artificial intelligence (AI), is expected to benefit significantly from renewed access to the Chinese market.
The stock has already seen some target price readjustments this week, with the 12-month price target going as high as $250 based on Wall Street ratings.
As reported by Barron’s on July 15, analysts at Melius Research, for example, expect Nvidia’s revenue to accelerate in the second half of fiscal 2026 with “huge tailwinds” likely to continue in the first half of fiscal 2027, too.
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