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Pelosi has made millions investing in tech stocks

• Nancy Pelosi, who was the first female Speaker of the U.S. House of Representatives, will retire from Congress when her term ends in 2027.
• She has amassed a net worth of hundreds of millions of dollars thanks in large part to investments in big-cap technology stocks and real estate.
• With her husband, venture capitalist Paul Pelosi, Pelosi has an estimated net worth of over $278 million.
  

Besides being known for her career in politics, Nancy Pelosi has also made headlines with her investing moves—which often have proven highly profitable and have added millions to her net worth. Pelosi's net worth is now over $278 million, according to Quiver Quantitative, which tracks the net worth of various politicians. That net worth is up from $256.72 million at the end of 2024. It more than doubled from $121.59 million at the end 2015.

Pelosi, 85, was the nation’s first female Speaker of the U.S. House of Representatives, and so far she is the only one. She will have represented San Francisco in Congress for 39 years when she leaves office at the conclusion of her term in early 2027, a step she announced this week.

Pelosi is a Democratic representative for California's 11th Congressional District in the U.S. House. She earns $174,000 a year.

Pelosi was Speaker from 2007 to 2011 and again from 2019 to 2023. Also, Pelosi became the first woman to lead a major party in Congress when she was elected minority leader from 2003 to 2007 and again from 2011 to 2019.

Here's how Pelosi made her millions.

There is a large community of retail investors who follow Nancy Pelosi's investment decisions. Many will watch her and follow suit with buying or selling stocks, which can move the market. Her decisions have a larger impact on the market than other leaders in Congress. While you should never blindly follow another investor's moves, you may be interested in understanding how Pelosi's investments have added to her net worth over time, and it looks like her investment strategies have worked for her considering her net worth is now over $278 million.

Pelosi has been a member of the House of Representatives since 1987. Over her decades in Congress, Pelosi helped pass legislation such as the Affordable Care Act, the American Rescue Plan, the Equality Act, the Inflation Reduction Act.

As Speaker of the House, Pelosi earned $223,500 annually. Now as a member of Congress, she earns $174,000 per year. Pelosi also will receive a pension and Social Security benefits once she retires. The pension value for members of Congress can be up to 80% of a member's final salary, coming out to about $139,200 a year currently.

Pelosi's assets include publicly traded stocks, mutual funds, options, real estate, private equity, asset-backed securities, and cash, according to Quiver and her federal financial disclosures.

Over the past year, Pelosi's securities portfolio notched gains, boosted in part by a tailwind provided by several members of the "Magnificent Seven" group of high-performing technology stocks, including Alphabet (GOOGL), Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA).

Going back further, Quiver back-tested the performance of Pelosi's publicly traded holdings since May 16, 2014—when Pelosi first began to report her trades. In that span, those holdings soared in value more than 855%. That is more than triple the approximately 260% gain posted in that period by the broad stock market, represented by the SPDR S&P 500 ETF Trust—which tracks the popular S&P 500 index.

Nor did the Pelosis confine themselves to plain-vanilla trades of stocks. For example, in November 2023 Pelosi bought 50 Nvidia stock call options with a strike price of $120, valued at between $1 million and $5 million, with an expiration date of Dec. 20, 2024. By about six months later, Pelosi had earned an estimated $5 million on her call options, although they had not been sold, according to Finbold.

Enough people apparently want to learn from the former Speaker's market moves that there is an X social media account, presumably belonging to someone else, that summarizes her portfolio moves. Several other websites and apps track or analyze her investments to various degrees.

Pelosi continued to buy Nvidia stock, with financial disclosures from June and July 2024 showing purchases of 10,000 Nvidia shares each, worth between $1 million and $5 million.

Federal disclosures often require officials such as Pelosi to report the value of their (plus their spouse's) assets in terms of dollar ranges rather than a single specific figure. As a result, Pelosi's shares in Apple (APPL) are valued at between $25 million and $50 million, according to Quiver. That appears to be her single most valuable holding.

Her stakes in Nvidia, Microsoft (MSFT), Salesforce (CRM), Google (GOOGL), and Amazon (AMZN) are each valued between $5 million and $25 million. In total, Pelosi's stockholdings are worth an estimated $133.7 million. That's up from $111 million in July 2024, according to Quiver.

Pelosi's publicly traded stocks are her most valuable category of assets, according to Quiver. Her ownership of trades and businesses are her second most valuable group of assets, totaling $70.2 million, per Quiver. Real estate that she and husband Paul own are their third most valuable type of assets, according to Quiver.

Paul Pelosi owns a venture capital, real estate, and investment firm called Financial Leasing Services Inc.

Pelosi and her husband also own commercial and residential real estate, valued at an estimated $45 million, according to Quiver. Their real estate holdings include a home and vineyard in St. Helena/Napa, California, and several commercial properties in San Francisco valued between $5 million and $25 million each.

• The Bureau of Labor Statistics missed a second month of jobs reports Friday, deepening a data blackout that's left policymakers in the dark about important economic trends.
  
• The longer the shutdown continues, the greater the chance the reports will be skipped entirely rather than just delayed.
  

How many jobs did the U.S. economy gain or add in October? We may never know. 

In a normal month, the Bureau of Labor Statistics would publish its monthly jobs report Friday, with information on the national unemployment rate, job creation, and other data about the labor market. But due to the ongoing government shutdown, the longest in history, that report won't come out. What's more, the bureau never carried out the surveys in October that the report is based on, raising the possibility that the data will not just be delayed, but will never come at all.

The lack of data about inflation and employment leaves policymakers, business leaders, and investors in the dark about important economic trends, raising the chances that important shifts in conditions go unnoticed.

The lack of job market data is especially vexing for anyone who relies on such information for making decisions about investments, business, or public policy. The job market has shown signs of deterioration in recent months as uncertainty about tariffs, the adoption of AI, and other headwinds have discouraged companies from hiring. In the absence of government reports, alternate sources of data have started waving red flags about a possible rise in unemployment.

Economists do expect the BLS to release its jobs report for September shortly after the government re-opens, since the agency had already collected the data used to make that report. But October is up in the air. No one is sure how the bureau and other statistical agencies will respond to the shutdown, which has kept them closed for an unprecedented amount of time.

There are at least three major ways the BLS could address its data collection gap, Ronnie Walker, an economist at Goldman Sachs, said in a commentary last month.

First, it could ask survey respondents to retrospectively answer questions about their situation the week of October 12, when the surveys would have asked about had they been distributed. It could send out surveys belatedly and shift the "reference week" to a later date in October. Or it could skip collecting data for October entirely, leaving a big blank space in the charts.

"The longer the shutdown lasts, the greater the risk that the BLS forgoes collecting October data," Walker wrote.

The jobs report is hardly the only piece of economic data being delayed. The economic calendar is now missing reports on inflation, housing construction, and a list of other subjects that get longer by the day.

• Take-Two Interactive on Thursday delayed the launch of its next high-profile "GTA" game until November 2026.
• That news appears to have overshadowed some upbeat financial projections from the company, dragging on the stock today.

Some of the biggest video-game news of the season is about a game that isn't even expected this year—though it was once.

Shares of Take-Two Interactive (TTWO) on Friday fell 8%, putting it among the S&P 500's bigger decliners, following last night's news that the company will postpone the release of one of the industry's highest-profile games—the sixth installment in the "Grand Theft Auto" series—until November 2026. The company earlier this year said it would push the game back from its original target date, in 2025, to next May.

Take-Two's Rockstar Games division "will now release Grand Theft Auto VI on November 19, 2026," Take-Two CEO Strauss Zelnick said in a statement, "and we remain both excited and confident they will deliver an unrivalled blockbuster entertainment experience."

Investors tend to be more focused on what might come next than what just happened. That was clear from the reaction to news from Take-Two Interactive, which yesterday reported strong numbers for its latest completed quarter but added fresh uncertainty to its outlook for next year by delaying a highly anticipated game.

That news may have overshadowed an upbeat outlook for the fiscal year—set to end March 31—that included improved forecasts for revenue and net loss per share when compared with those offered earlier this year. Bookings for the most recently completed quarter also came in better than Take-Two had earlier indicated.

The company's stock has risen more than 25% this year, and most analysts expect that to continue despite the latest disappointment. Visible Alpha recently tracked only "buy" ratings, and a mean price target above yesterday's close.

"The headline from [the latest] results is undoubtedly the further delay of GTA VI," Jefferies analysts wrote. "We have been here before, and expect any [near-term] weakness to get bought similar to past delays."

UBS analysts figure that once the marketing machine for the game gets rolling, investors will feel more confident about the stock and business. "Good things come to those who wait," they wrote.

News of the day for Nov. 7, 2025

Stock futures are moving lower in early trading as major market indexes appear set to decline this week; Tesla shareholders overwhelmingly approved a trillion-dollar pay proposal for CEO Elon Musk; Senate Republicans looked to bring a new funding package for a vote in a bid to end the government shutdown; bitcoin briefly dropped below $100,000 this morning as the cryptocurrency continues to hover around its lowest levels in months; Take-Two Interactive Software is falling after it again delayed the release of its hit video game “Grand Theft Auto VI.”

Here's what you need to know today.

Stock futures are pointing lower in premarket trading as investors look set to send major market indexes lower for the week. Futures trading associated with the tech-focused Nasdaq 100 was lower by 0.4%, while futures tied to the S&P 500 were down by 0.3%. Dow Jones Industrial Average futures were lower by 0.3%. Major market indexes have retreated this week in sometimes-volatile trading as investors turned their back on the AI trade, despite strong earnings results some tech firms posted.

The Nasdaq came into Friday’s trading down by 2.8% on the week, while the benchmark S&P 500 slipped by more than 1.7% and the Dow Jones was lower by around 1.4%. Yields on the 10-year Treasury note, which can impact mortgage rates and other consumer loans, stayed at around the 4.09% level. Gold futures ticked back above the $4,000-an-ounce level, while oil futures inched above $60 a barrel.

Tesla (TSLA) shareholders last night approved a $1 trillion pay proposal for Musk, with more than 75% of voters moving to OK the incentives-laden package for the firm’s leader. The results came after a run-up to the vote that included some major investors coming out against the hefty pay package and company leadership saying it was crucial for retaining Musk as the helm of the EV-company-with-robotics-and-AI-ambitions.

The pay package includes a range of "Mars-shot milestones” that include leading the company to a $2 trillion valuation and delivering a cumulative total of 20 million vehicles. Tesla shares were higher by 0.6% in premarket trading.

As the shutdown enters its 38th day, lawmakers are proposing plans to bring the work stoppage to an end, media reports indicated. Senate Republicans told CBS News that they planned to amend a House-passed spending bill to extend the funding deadline beyond Nov. 21 and include long-term spending bills that have already been passed. The package would include a promise to hold a vote on healthcare subsidies that have been at the heart of the shutdown, which Republicans hoped would draw in moderate Democrats.

The proposal comes as the government planned to begin implementing flight restrictions today amid staffing issues. The shutdown has put a clamp on the releases of several economic reports, including today’s scheduled release of the October jobs report.

Bitcoin fell below $100,000 in recent trading as the world's best-known and most-valuable cryptocurrency continued to fluctuate. Bitcoin is down by nearly 3% after hitting a high of around $104,200 yesterday.  Earlier this week, bitcoin touched intraday prices below the six-digit level for the first time since June amid mounting outflows in spot bitcoin ETFs. BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC) were each lower by more than 0.5% in early trading after shedding nearly 3% in the prior session.

Take-Two Interactive Software (TTWO) shares tumbled as the video game maker again postponed the release of its highly-anticipated  "Grand Theft Auto VI." The company is now slating a Nov. 19, 2026, release for the latest installment of the series. It had previously pushed back the launch to May 2026. The firm, which also makes the “NBA 2K” and “Red Dead Redemption” games, reported fiscal second-quarter bookings of $1.96 billion, coming in ahead of company guidance. Shares of Take-Two have risen by nearly 40% coming into Friday trading, but were lower by more than 4% premarket.

Bond trading will halt on Tuesday. The stock market will be business as usual.

The U.S. bond market will close Tuesday, Nov. 11, in observance of Veterans Day. Stock markets will maintain normal hours that day.

Both markets will close next for Thanksgiving, which falls on Nov. 27. Trading will resume on Nov. 28 but wrap up early, at 1 p.m. for stocks and 2 p.m. for bonds.

Ahead of Christmas, the stock market will break at 1 p.m. and the bond market at 2 p.m. on Dec. 24. Both will stay closed through the Dec. 25 holiday.

Traders will finish the year with a bit more downtime. Both markets will close on Jan. 1 for New Year's Day, and bond trading will end at 2 p.m. on Dec. 31.

• The Supreme Court is considering whether to invalidate many of President Donald Trump's tariffs: a complex case with an unpredictable outcome.
  
• If the court decides to overturn the tariffs, it could save businesses and individuals money but fuel uncertainty.
  
• Trump's trade wars have created uncertainty that has undermined business expansions and hurt the job market.
  

The Supreme Court's hearing on the legality of some of President Donald Trump's tariffs raised fresh questions about the future of U.S. trade policy, stoking the uncertainty that has plagued the economy this year.

On Wednesday, the Supreme Court heard oral arguments in a lawsuit that seeks to strike down some of President Donald Trump's import taxes. Both liberal and conservative justices probed the administration's arguments for imposing the tariffs, prompting some legal experts to feel the justices were leaning toward overturning at least some of Trump's tariffs. 

If the justices decide to strike down the tariffs, it could have a significant, though unpredictable, impact on the economy.

Key questions would be whether the court would invalidate all of the tariffs imposed under emergency orders or just some of them; whether the Supreme Court would ask a lower court to decide any of the issues at play; what other tariffs Trump might impose as a "Plan B" and whether whether government would have to pay back billions in tariffs it has already collected.

"It seems to me like it could be a mess," Justice Amy Coney Barrett said at the hearing.

If the Supreme Court decides to overturn some of President Donald Trump's tariffs, businesses could save money in the short run, but face further uncertainty about trade policy in the medium-term.

Stocks initially rose Wednesday during the hearing as justices voiced skepticism about the legality of the tariffs, which have caused confusion and raised costs for many businesses.

Overturning the tariffs would immediately lower those costs and eventually push down prices for consumers, said Rodney Lake, vice dean for undergraduate programs and the director of the GW Investment Institute at the GW School of Business at George Washington University.

However, striking the import taxes down would at the same time create some problems for business leaders planning capital expenditures. Major business expansions take years to plan, and not knowing what trade policy will be would complicate decisions about when and where to build production facilities and set up supply chains, for example.

"It creates uncertainty, which is generally negative for the economy," Lake said.

"Uncertainty" has been a familiar theme in the economy this year as Trump has raised, called off, and created exemptions for tariffs in rapid succession. Business leaders in surveys have said uncertainty about trade policy has discouraged them from hiring, and is a major reason the job market has slowed down dramatically in recent months.

However, Lake said, many businesses have adapted to the uncertainty and have managed to roll with the punches. Apple, for example, has seen its stock value bounce back after tanking in April amid fears that tariffs on China would drive up prices on iPhones made there. The company quickly responded to high tariffs on China by moving production to India, among other moves to mitigate the damage.

 "I think people likely underestimate that great businesses and great management teams figure out ways to navigate through these waters, whatever the policies are," Lake said.

• Soft earnings and steep spending plans weighed on a food delivery firm on Thursday, Nov. 6, 2025, while a cloud security platform got a boost from AI-driven growth.
  
• DoorDash shares dropped after the firm missed third-quarter profit estimates and cited rising investments on new initiatives.
• Cloud security specialist Datadog topped quarterly estimates, and its shares surged.

A food delivery giant came under pressure after it missed quarterly profit estimates and warned investments in new technologies could squeeze profits, while better-than-expected results helped send shares of a cloud-based security company higher.

Major U.S. equities indexes dropped Thursday, led by tech stocks after a slew of earnings reports and as a report showed that job cuts by U.S. employers in October reached their highest level for that month since 2003. The Dow slid 0.8%, the S&P 500 fell 1.1%, and the tech-heavy Nasdaq dropped 1.9%. See here for more reporting from Investopedia on the day's markets news.

DoorDash (DASH) shares plunged over 17%, falling the furthest of any stock in the S&P 500 Thursday. The food delivery giant missed third-quarter profit estimates and guided below expectations for its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the current quarter. DoorDash warned it expects its spending to rise as it invests in expanding its business and new initiatives like autonomous delivery.

Robinhood Markets (HOOD) stock fell close to 11% following the online brokerage operator's quarterly earnings report. Although sales and profits topped forecasts, operating expenses were higher than expected, while its cryptocurrency revenue fell short of estimates. The price of Bitcoin (BTCUSD) and other major cryptocurrencies extended their recent string of losses Thursday, adding to the pressure. Robinhood also announced that CFO Jason Warnick will step down in 2026, to be replaced by Shiv Verma, who has been serving as Robinhood's treasurer and head of finance and strategy.

Paycom Software (PAYC) reported lower-than-expected quarterly earnings and shares of the human capital management software company also dropped nearly 11%. Interest on funds held from clients was down from a year ago. The firm also pointed to spending on investments in technology, with around $100 million in AI-focused capital expenditure primarily aimed at boosting its data center capacity.

Shares of fashion holding company Tapestry (TPR) fell 9.6%. Although the parent company of luxury lifestyle brands Coach, Kate Spade, and Stuart Weitzman surpassed sales and profit forecasts for its fiscal first quarter, boosted by strong demand for Coach's Tabby handbags, guidance for the holiday quarter disappointed. The company said tariff-related headwinds contributed to the soft forecast.

Cloud-based security platform Datadog (DDOG) posted better-than-expected quarterly earnings and an upbeat outlook, thanks in part to a growing number of large clients, and strong demand from AI customers. The company has launched several AI-enabled tools over the past year, including a suite of generative AI agents that it says can respond to incidents and draft status updates. Datadog shares soared about 23% to log the S&P 500's top daily performance.

Shares of Texas Pacific Land (TPL), owner of significant acreage in the oil-rich Permian Basin, jumped 10% after the real estate operating company reported its third-quarter results. Although its sales and profit fell short of expectations for the period, the firm achieved a record in quarterly revenue, boosted by strong oil and gas royalty production revenue and water sales. The company's board also authorized a 3-for-1 stock split, which it expects to be completed by December 2025.

Air Products and Chemicals (APD), a supplier of industrial gases like oxygen, nitrogen, and hydrogen, reported mixed results for its fiscal fourth quarter, edging out earnings per share estimates but missing revenue forecasts. The company also announced a strategic revamp that includes major cost-cutting measures and an increased focus on core industrial gases and large-scale projects. Air Products and Chemicals shares gained 8.9% Thursday.

• Medicare and Medicaid will cover drugs used for weight loss for the first time, offering Wegovy, Zepbound, Monjauro, and Ozempic for $50 a month co-pays.
  
• The White House negotiated lower prices from Eli Lilly and Novo Nordisk, which list sticker prices of the drugs for $1,000 a month or more.
  
• A new website, TrumpRX, will offer the medications at prices lower than those currently offered by the manufacturers for uninsured patients.
  

Medicare recipients will be able to buy drugs often prescribed for weight loss for as little as $50 a month under a plan announced Thursday by President Donald Trump.

The low prices for the drugs, currently not available for obesity patients on Medicare and Medicaid, are the result of a deal between the White House and drugmakers Novo Nordisk (NVO) and Eli Lilly (LLY). Under the arrangement, the companies will sell popular weight loss medications, including Wegovy, Zepbound, Mounjaro, and Ozempic, to the government for $245 a month, down from their current sticker prices of over $1,000 or more, allowing for $50 co-pays.

The drugs will also be available at a discount for anyone on TrumpRX.com, a new government website for buying drugs at wholesale prices. Customers will pay $350 a month for Ozempic and Weygovy, both of which are currently available for $499 a month if purchased directly from the manufacturers. Zepbound will be available for $346 a month, compared to $349 a month for a starter dose, and $499 a month for higher doses directly from Eli Lilly.

The deal makes weight loss drugs available to people on government health insurance programs for relatively low monthly co-pays, and could greatly expand the number of people who can afford to take them.

Pill versions of the drugs, expected to be released soon, will cost $150 a month when the FDA approves them. The manufacturers have not announced pricing, so the TrumpRX prices cannot yet be compared.

In April, the White House scrapped a program started by former President Joe Biden that would have had Medicare and Medicaid cover weight loss drugs earlier this year.

The deal was the latest of several drug price agreements between the Trump administration and major manufacturers aimed at lowering costs for Americans. Experts have been skeptical that the program would affect many patients, since most drugs are purchased through insurance programs.

However, relatively cheap pills for weight loss could be a game-changer. About 15 million people could end up taking the new pills, which would be more affordable and have the advantage of not putting off needle-phobic patients, James Shin of Deutsche Bank said in a research note.

Shares of Novo Nordisk were down 2.7% Thursday afternoon, while those of Eli Lilly were up about 1%.

• A growing number of large clients, and demand from AI customers helped Datadog beat quarterly earnings and revenue forecasts, sending shares higher Thursday. 
• The cloud-based monitoring and security platform also lifted its full-year outlook.

Datadog (DDOG) shares soared Thursday after the cloud-based monitoring and security platform posted quarterly results that topped analysts' estimates and raised its outlook.

The stock surged 23% to close near $191, making it the best-performing stock in the S&P 500 Thursday.

The company posted adjusted earnings per share of $0.55 for the third quarter, above analysts' estimates compiled by Visible Alpha. Revenue jumped 28% year-over-year to $885.7 million, also topping forecasts, thanks in part to a growing number of large customers and business from AI clients.

Clients with $100,000 or more in annual recurring revenue were up 16% to about 4,060, and CEO Olivier Pomel told investors the company saw "strong" growth from AI customers when excluding its largest client, according to a transcript provided by AlphaSense.

Datadog's strong results underscore how a growing number of companies across industries are benefitting from the boom in AI demand, including platforms that offer security services.

Datadog said it now sees full-year adjusted EPS of $2 to $2.02 on revenue of $3.386 billion and $3.390 billion, up from its earlier projection of $1.80 to $1.83 in EPS on revenue of $3.312 billion to $3.322 billion.

With Thursday's gains, Datadog shares have added about a third of their value in 2025.

This article has been updated since it was first published to reflect more recent stock prices.

• Shares of companies that have missed earnings expectations this quarter fell almost 5%, on average, a bigger negative reaction than in years past, according to FactSet.
• The pace of earnings beats, however—excluding the Covid period—has been "unprecedented," Goldman Sachs' David Kostin said.

The stick is getting more use than the carrot this earnings season.

That has been evident in the share-price declines in the stocks of companies like Chipotle Mexican Grill (CMG) and Netflix (NFLX) after reporting third-quarter earnings that missed expectations, as well as the meager gains awarded to EQT (EQT) after its beat.

Most of the companies in the S&P 500 have reported quarterly earnings by now, and their overall performance has been positive. The rewards for beating, however, have been miserly, according to FactSet data, while the punishment for the firms that missed expectations have been particularly stern.

Companies that missed, on average, saw their stocks decline almost 5% over the two days before and after their releases, according to FactSet, more than the five-year mean of -2.6%. Meanwhile, those that beat third-quarter earnings expectations have seen their stocks rise just 0.1%, on average, below the 5-year average of 0.9%, the research firm's data show.

Traders appear to be seeing the glass as half-empty this earnings season, with stock price action skewed to the negative even as companies in the S&P 500 have posted positive surprises at a record pace.

Though the market's reaction to earnings beats have been muted, the frequency of beats are the highest on record outside of the Covid period, according to Goldman Sachs' David Kostin. Over 64% of the S&P 500 companies that have reported beat consensus EPS estimates by at least one standard deviation, compared to the average of 49% over the last 25 years.

One possible explanation for the diminutive rewards is that investors may have viewed even positive results as offering less information about the companies' outlooks than in prior quarters, Kostin said, at a time when they're particularly hungry for context about what's to come.

The third-quarter earnings season "has taken place alongside a volatile macro backdrop characterized by renewed trade policy uncertainty and concerns about bank lending, amid other sources of macro uncertainty," he wrote in a note published last week.