Pelosi's Selected Stocks: 'AI Semiconductors' Intel and Regulated Uber

According to a June 23 filing, Nancy Pelosi—longtime senior Democrat in the U.S. House of Representatives and former Speaker—made substantial purchases of Intel and Uber stock on May 29. She acquired between $1 million and $5 million of Intel shares (approximately ₩1.5 billion to ₩7.7 billion) and between $500,000 and $1 million of Uber shares (approximately ₩800 million to ₩1.5 billion), sizable personal investments for a single transaction by a member of Congress.

Intel Corporation (INTC) has emerged as a top pick within the S&P 500 in 2026, with its share price climbing roughly 200% amid U.S. efforts to bolster semiconductor supply chains and expand AI infrastructure spending. Recent catalysts include a major TPU order from Google, expanded foundry and AI partnerships with Hitachi and Cadence, a better-than-expected first-quarter earnings report, and buy-rating upgrades from leading investment banks. As of May 25, Intel shares were trading in the $130 range. Nevertheless, some analysts caution that lofty valuations—already factoring in the AI rally—and ongoing interest-rate uncertainty could trigger near-term pullbacks and heightened volatility.

Uber Technologies (UBER), the world’s largest ride-hailing and delivery platform, recorded its first operating profit in 2023 and has steadily improved profitability. Yet this year its stock has slipped more than 10% year-to-date, trading in the low $70s—about 30% below its annual peak. Uber’s first-quarter results showed double-digit growth in revenue and free cash flow—driven by mobility, delivery, and membership services—prompting a sharp post-earnings rally. However, regulatory and legal challenges have resurfaced. The Federal Trade Commission has sued over allegedly deceptive billing and cancellation practices tied to its “Uber One” subscription service. Meanwhile, the company faces over 3,000 lawsuits related to sexual-assault claims and a shareholder derivative suit accusing its board of “repeated compliance failures,” raising concerns about rising regulatory costs and reputational damage.

Pelosi, who led House Democratic leadership for two decades and was instrumental in passing the Biden administration’s CHIPS and Science Act—which provides subsidies and R&D funding for domestic chipmakers—faces questions over potential conflicts of interest, given that U.S. semiconductor producers like Intel stand to benefit directly. Her husband, Paul Pelosi, famously made millions trading large tech and semiconductor options, fueling allegations that congressional families profit from nonpublic information and prompting calls for a full ban on individual stock trading by lawmakers—the so-called “PELOSI Act.” With recent polls showing roughly 80% of voters support prohibiting members of Congress and their families from holding individual stocks, Pelosi’s multimillion-dollar bets on Intel and Uber—both at the epicenter of federal subsidies and regulatory scrutiny—are likely to reignite the debate over a comprehensive ban on congressional stock trading.