A stock owned by former House Speaker Nancy Pelosi has surged in value by more than double in just one month, according to Pelosi's disclosure documents.Why It MattersPelosi, longtime Democratic U.S. representative for California, has centered her time in office around progressive politics, calling for health care reform, minimum wage increases and environmentalism.As stock owners and multimillionaires abound in Congress from both the Democratic and Republican parties, fears of insider trading and conflicts of interest have lingered.
U.S. House Speaker Emerita Rep. Nancy Pelosi (D-CA) speaks during a news conference in response of the sentencing ruling in the Hong Kong 47 case November 19, 2024 in front of the U.S. Capitol in Washington, DC. Alex Wong/Getty Images© Alex Wong/Getty ImagesWhat To KnowPelosi has from $50,001 to $100,000 in Tempus AI Class A stock that she purchased January 14, according to her financial disclosures.Tempus AI is a Chicago-based company developing medicine solutions using patient data, with a focus on cancer, infectious disease and mental health. When Pelosi first purchased Tempus, the stock was priced at $31.83 and has now grown in value to $70.08.Pelosi's financial disclosures have garnered skepticism over the past month, as she sold Nvidia stock, another major player in the AI world, just a few weeks before it dramatically dropped in price.Other members of Congress, including Democratic Representative Alexandria Ocasio-Cortez and GOP Senator Josh Hawley, have pushed to end individual stock trading by lawmakers as a way to avoid conflicts of interest.