US Rep. Nancy Pelosi's portfolio, which is supposedly managed by her husband, Paul, has surged by a whopping 948.5% since 2014, according to Quiver Quantitative. She is among the wealthiest members of Congress with an estimated net worth of $258 million. Pelosi, who has battled allegations of insider trading for years, announced in late 2025 that she will not seek re-election at the end of her current term in January 2027.
According to the latest periodic transaction report, Pelosi invested in Bloom Energy, buying 15,000 shares and 200 call options with a strike price of $100 and a 17th June 2027 expiry across multiple trades in July. The total investment in the energy company was estimated between $3 million and $12 million, per the disclosure.
Bloom Energy makes fuel cell systems to power data centres and tech manufacturing facilities, and the stock has emerged as a beneficiary of rising energy demands driven by the AI boom.
Pelosi also purchased 10,000 shares of Intel for up to $1 million, as well as 50 call options with a $50 strike price and 17th June 2027 expiry for up to $500,000.
Before delving into why Bloom and Intel are individually benefiting from the Trump Administration's backing, investors should note that both companies are directly connected. Bloom has supplied fuel-cell power to Intel's Santa Clara data centre for more than a decade, and announced an expansion in 2024 with the goal to create Silicon Valley's largest fuel-cell-powered high-performance computing data centre.
Now, after Bloom Energy expanded its strategic collaboration with Oracle in April to supply 2.8 gigawatts of solid oxide fuel cell capacity for Oracle's AI data centres, US President Donald Trump had said the administration would keep federal funding in place for hydrogen hub projects, including those tied to Bloom's technology. The development bolsters confidence in the company's long-term hydrogen pipeline.
This year, Bloom also locked in a $2.65 billion deal with American Electric Power for a 900-megawatt project in Wyoming, giving it another long runway of demand. The Bloom Energy stock is up 134% year-to-date.
Elsewhere, the Trump Administration invested $8.9 billion in Intel last year for 433.3 million shares of a 9.9% stake in the company. The White House had indicated that this investment was intended to bolster US semiconductor manufacturing, lower dependence on foreign supply chains, and support the technology infrastructure needed for AI and national security.
Intel CEO Lip-Bu Tan has hinted at a return to the memory chip business, calling new memory architecture 'one of my pet projects' at the TechSurge: Deep Tech VC Podcast on 13th August.
Note that Intel closed a $20 billion common stock offering on 10th August, over a month after the appointment of former SK Hynix CEO Seok-Hee Lee as executive vice president of Intel Foundry. Proceeds from the offering will be used for capital expenditures and advanced packaging capabilities, which sounds like something a memory initiative would need.
'I used to not invest in memory because it was kind of a commodity business. But now it has become different — there is a lot of new technology coming out. So we are kind of looking at it,' Tan had stated.
Interestingly, Intel has also filed a patent for 'cross-batch memory' (XBM), an ultra-high-bandwidth architecture designed to match HBM4's performance without the costly silicon interposer used in current designs. It is also co-developing Z-Angle Memory (ZAM) with SoftBank unit SAIMEMORY. The Intel stock is up 136% year-to-date.
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