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I'm reading between the lines a bit here, but it seems likely to pass. Pelosi has publicly supported the act, and her husband bought $5 million in Nvidia stocks within the last month. Surely that is just a coincidence...

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That doesn’t sound good. I am so disappointed in the senate Dems, except, of course Bernie. I’m trying to figure out how to present this to my congressman and my friends because I know of very few who will actually read this entire newsletter. I read this in the middle of the night in California and my blood is still boiling.

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The right wing media got some major mileage out of the Paul Pelosi Nvidia non-story. I am not a trader but I think the Nvidia low stock price was probably tempting (and risky), but doesn't look like it had anything to do with this CHIPS act. Nvidia (and AMD) look like they are getting shafted by this act.

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