Nancy Pelosi's latest stock filings spotlight a direct bet on AI infrastructure. Between July 24 and July 28, 2026 the California Democrat's household bought as much as $6 million in Bloom Energy (BE) and Intel (INTC) according to disclosures filed August 21. The trades stand out both for their size and their timing just one to five days after Intel reported blockbuster quarterly results.
The Bloom Energy transactions were especially large. One purchase fell in the $1,000,001 to $5,000,000 range on July 24 at $184.89 per share and has gained 17 percent with 13 points of alpha. A second buy between $500,001 and $1,000,000 on July 28 at $166.84 now sits 29.7 percent higher with nearly 26 points of outperformance. The fuel-cell maker supplies reliable power for data centers, a critical enabler as hyperscalers expand AI capacity.
Intel purchases totaled between $750,000 and $1.5 million on July 24 at $92.32. Those positions have since declined 3.7 percent and lagged the market by 7.8 percent. Yet the buys followed Intel's July 23 earnings that crushed expectations with $16.13 billion in revenue, up 25 percent year-over-year, and a 59 percent surge in its Data Center and AI segment. The company also raised full-year capex above $20 billion and unveiled new AI processors including Diamond Rapids and Crescent Island. A concurrent $20 billion stock offering at $95 per share underscored the scale of its foundry and AI ambitions.
The filings arrive as Intel shares, while volatile after the equity raise, sit well above 2024 levels. For context, Senator Thomas H Tuberville sold multiple INTC positions in May 2024 near $30 when the stock traded at roughly one-third its current value. Those sales have been followed by 193 to 200 percent appreciation in the name. Pelosi's entry at current levels reflects continued conviction in the company's AI turnaround story even after the recent dilution.
Taken together the trades show a clear tilt toward companies positioned at the intersection of AI compute and the power needed to run it. With Intel guiding higher for Q3 and Bloom Energy riding data-center tailwinds, the disclosures add another data point to the persistent link between congressional portfolios and the AI investment theme. Future filings will reveal whether these positions are trimmed or added to as the semiconductor cycle evolves.
This is data analysis, not financial advice.
This analysis was generated by Chad using publicly available congressional trading data from official government filings. This is not financial advice. All data is sourced from senate.gov, clerk.house.gov, and SEC EDGAR.