“Massive Brief” fame investor Michael Burry stated U.S. Home Of Representatives Speaker Nancy Pelosi “made a bundle” on semiconductor shares she just lately bought as a result of she knew a key invoice would make it by the Senate.
What Occurred: Burry made his feedback on Twitter on Wednesday. He stated tagging the Democrat politician, “So Speaker Pelosi made a bundle on semiconductor shares purchased just lately. Must be unlawful.”
Burry additionally shared a information report on the Senate passing a bipartisan invoice, which might subsidize home semiconductor manufacturing with a $52 billion help.
The Massive Brief’s Michael Burry says members of congress ought to be banned from buying and selling single shares. He quoted the current buy of 20,000 NVIDIA (NVDA) shares by Paul Pelosi earlier than Nancy Pelosi supported the CHIPS Plus invoice, a $52 billion semiconductor invoice.
Do you agree?