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What stocks? Intel & AMD dont seem to have moved much. Asking for a friend.

by theplumber 4y ago

camjohnson26 4y ago
nvidia, which they sold today at a large loss.
- cbsks 4y ago
  Has Nvidia announced they are building a fab? I haven’t heard anything about it.
  - Alupis 4y ago
    I'm pretty sure Nvidia is a fabless design house (like AMD these days). Perhaps they are looking to change that.
- braingenious 4y ago
  By “they” are you talking about Paul Pelosi? Can somebody explain how buying stock for $100(1) and selling at $165 causes a loss? I’m not being flippant, it’sa serious question. 1. https://www.businessinsider.com/nancy-pelosi-stock-trades-paul-pelosi-nvidia-visa-apple-2022-7 https://www.businessinsider.com/nancy-pelosi-stock-trades-pa...
  - deleted 4y ago
    [deleted]
  - faet 4y ago
    >In a periodic transaction report, the senior Democrat disclosed that her husband, financier Paul Pelosi, sold 25,000 shares of Nvidia for about $4.1 million, ending up with a loss of $341,365. He bought options in July 2021. Basically, he said he'd buy 20k shares stock for X price regardless of the price in the next year. If the stock goes up he can sell the options without having to buy said stock (for a profit). He can also give up what he paid for the options and choose not to buy the shares and they'd expire worthless. As the stock was below what he bet it would be within a years time he decided to exercise his right to buy the 20k shares rather than lose his initial investment. He then sold, for a loss, but possibly a smaller one than if he just let them expire worthless.
- drexlspivey 4y ago
  > Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker. Price on June 17 was $158, right now it’s $178
  - faet 4y ago
    He bought the options back in summer of 2021. He decided to exercise them rather than let them expire worthless. His price was probably around 180/share. >In a periodic transaction report, the senior Democrat disclosed that her husband, financier Paul Pelosi, sold 25,000 shares of Nvidia for about $4.1 million, ending up with a loss of $341,365.
    - drexlspivey 4y ago
      That makes no difference, he could have sold the options for their intrinsic value on expiration (Friday June 17) he doesn’t have to let them expire worthless. Instead he exercised them, committing $4m in capital prior to the bill passing and made $20 per share
pclmulqdq 4y ago
Pelosi bought a lot of Nvidia. It's unclear to me why they would benefit more than Intel.
- colinmhayes 4y ago
  Nvidia isn’t getting shit from this bill. It’s basically all going to intel with global foundries and other boutique fabs fighting for the scraps TSMC and Samsung leave behind.
  - 01100011 4y ago
    There were some versions of the bill which had subsidies for chip designers as well. Not sure where that ended up.

What stocks? Intel & AMD dont seem to have moved much. Asking for a friend.

camjohnson26 4y ago

nvidia, which they sold today at a large loss.

cbsks 4y ago
Has Nvidia announced they are building a fab? I haven’t heard anything about it.
- Alupis 4y ago
  I'm pretty sure Nvidia is a fabless design house (like AMD these days). Perhaps they are looking to change that.
braingenious 4y ago
By “they” are you talking about Paul Pelosi? Can somebody explain how buying stock for $100(1) and selling at $165 causes a loss? I’m not being flippant, it’sa serious question. 1. https://www.businessinsider.com/nancy-pelosi-stock-trades-paul-pelosi-nvidia-visa-apple-2022-7 https://www.businessinsider.com/nancy-pelosi-stock-trades-pa...
- deleted 4y ago
  [deleted]
- faet 4y ago
  >In a periodic transaction report, the senior Democrat disclosed that her husband, financier Paul Pelosi, sold 25,000 shares of Nvidia for about $4.1 million, ending up with a loss of $341,365. He bought options in July 2021. Basically, he said he'd buy 20k shares stock for X price regardless of the price in the next year. If the stock goes up he can sell the options without having to buy said stock (for a profit). He can also give up what he paid for the options and choose not to buy the shares and they'd expire worthless. As the stock was below what he bet it would be within a years time he decided to exercise his right to buy the 20k shares rather than lose his initial investment. He then sold, for a loss, but possibly a smaller one than if he just let them expire worthless.
drexlspivey 4y ago
> Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker. Price on June 17 was $158, right now it’s $178
- faet 4y ago
  He bought the options back in summer of 2021. He decided to exercise them rather than let them expire worthless. His price was probably around 180/share. >In a periodic transaction report, the senior Democrat disclosed that her husband, financier Paul Pelosi, sold 25,000 shares of Nvidia for about $4.1 million, ending up with a loss of $341,365.
  - drexlspivey 4y ago
    That makes no difference, he could have sold the options for their intrinsic value on expiration (Friday June 17) he doesn’t have to let them expire worthless. Instead he exercised them, committing $4m in capital prior to the bill passing and made $20 per share

pclmulqdq 4y ago

Pelosi bought a lot of Nvidia. It's unclear to me why they would benefit more than Intel.

colinmhayes 4y ago
Nvidia isn’t getting shit from this bill. It’s basically all going to intel with global foundries and other boutique fabs fighting for the scraps TSMC and Samsung leave behind.
- 01100011 4y ago
  There were some versions of the bill which had subsidies for chip designers as well. Not sure where that ended up.