Nancy Pelosi has been one of the most financially active members of Congress for years, and Wall Street has learned to observe when she files her disclosure forms.
Pelosi is the former Speaker of the House, who represented San Francisco for 39 years and is known for reading the political and economic landscape better than most.
In a recent Periodic Transaction Report, Pelosi disclosed two purchases that land squarely in the Artificial Intelligence (AI) infrastructure trade.
Nancy Pelosi bought Intel. Again. And she made her first-ever bet on Bloom Energy.
According to the disclosure disclosure form, Pelosi purchased 50 call options on Intel with a $50 strike price expiring June 17, 2027, along with 10,000 Intel shares worth between $500,001 and $1 million, on July 24.
She also purchased 15,000 shares of Bloom Energy and 100 call options with a $100 strike price expiring June 17, 2027.
The Intel position adds to the May call options my colleague at TheStreet disclosed in June. The Bloom Energy position is new.
INTC trades near $87.26, and BE trades near $204.02 as of late August, according to Yahoo Finance.
Bloom Energy is the most interesting purchase for Nancy Pelosi
Bloom Energy is not a household name, but increasingly a hyperscaler necessity. The 25-year-old, San Jose-based company manufactures solid oxide fuel cells that generate electricity on-site, independently from the grid.
Data centers, AI factories, manufacturing facilities, and any large power consumer that cannot wait for grid capacity to catch up are potential Bloom customers.
The AI infrastructure boom has turned Bloom’s business from a niche clean energy play into something closer to essential infrastructure.
Related: Bloom Energy Q2 2026 Earnings Call: Recap of $BE Earnings, Outlook
Every major U.S. hyperscaler and more than a dozen AI labs and neocloud data center operators have validated and approved Bloom’s power solutions for their AI factories, according to CEO KR Sridhar in the Q2 earnings release.
“Bloom is now a standard for AI onsite power,” Sridhar said.
The financial performance actually backs that positioning.
- Q2 2026 revenue hit $1.065 billion, surpassing $1 billion for the first time in company history, up 165.5% year over year (YOY).
- Product revenue grew 215.4%.
- Gross margin expanded by 668 basis points.
- Operating income of $182.2 million compared to a $3.5 million operating loss a year earlier.
- Non-GAAP EPS of $0.78 grew $0.68 YOY. Full-year 2026 revenue guidance was raised to $3.9 billion to $4.2 billion, representing approximately 100% YOY growth at the midpoint.
BE is up 134.80% year-to-date and 320.31% over the past year, according to according to Yahoo Finance. Pelosi’s call options with a $100 strike expiring on June 17, 2027 give her substantial leverage on any continued move higher.
Nancy Pelosi’s Intel position adds to a bet that has already worked
Pelosi has been buying Intel at various points in 2026. In fact, the timing of her additions has generally been well-placed.
Intel reached an all-time high price of $142.35 on June 22, 2026. The current price, near $87.26 according to according to Yahoo Finance, reflects a significant pullback from that peak.
Even after the heavy pullback, Intel still records a year-to-date return of 136.48%, compared to an 11.79% gain from the S&P 500. The 1-year return stands at an aggressive 251% compared to 18% from the S&P 500.
More AI:
- Nvidia just made a move Wall Street wasn’t ready for
- Microsoft just took sides in the AI policy fight
- OpenAI just disclosed something genuinely alarming
Her July 24 purchase of 10,000 shares and additional call options, worth between $500,001 and $1M, suggests she is accumulating more by buying the dip.
Intel ranks eighth on the S&P 500 year-to-date performance table, according to according to Slickcharts, trailing only SanDisk, Moderna, Dell, Micron, Seagate, Marvell, and Western Digital.
The fundamental case for Intel at current levels is the same one Goldman Sachs maintained after the Q2 beat. Intel is executing its strongest revenue growth in 15 years; the DCAI segment grew 59% year-over-year to $6.3 billion in Q2, and the 18A foundry process is advancing on schedule.
Q2 2026 revenue was $16.1 billion, up 25% YOY, according to Intel’s July 23 earnings release. Q3 guidance calls for $15.8 billion to $16.8 billion in revenue.
In the same earnings report, CEO Lip-Bu Tan said AI is driving “unprecedented demand for compute.” CFO Dave Zinsner described the company as “meaningfully increasing investments” across equipment, cleanroom space, and substrates.
Pelosi’s call options with a $50 strike expiring June 17, 2027 are well in the money at current prices, giving her significant upside leverage if Intel continues its recovery from the post-high pullback.
Here is the 2-stock thesis behind Intel and Bloom Energy positions
Reading Pelosi’s recent disclosures together, I see a theme emerge. She is betting on the physical infrastructure of the AI boom, not the software or model layer.
Intel provides the compute, or the CPUs that power AI inference workloads, the foundry capacity that the U.S. needs for domestic semiconductor manufacturing, and the custom silicon relationships with hyperscalers.
Bloom Energy provides the power or the onsite fuel cells that let data centers and AI factories operate independently of congested electrical grids.
In my other coverage, I’ve reported on Bill Gates’ trust rotate toward companies that benefit from domestic economic activity and physical asset maintenance rather than purely financial holdings (Home Depot and FedEx Freight Holding Company).
I see and know of a pattern in every successful investor. They have a system that works for them. It doesn’t have to look like anyone else’s. Find your edge, trust your system, and execute it. I do that, and it’s profitable.
So Intel and Bloom Energy are essential to the physical stack that makes AI run at scale. Neither is a consumer-facing tech story. Both carry near-term volatility from their respective growth transitions. And both have Pelosi’s money behind them with option structures that give her significant upside leverage through mid-2027.
She has been criticized for being one of the more financially active lawmakers in Congress. Well, whether that criticism is fair is more of a political question.
I like to look at it from a different angle. What her disclosures consistently reflect is a sophisticated understanding of where structural economic demand is flowing. The AI power and compute trades she is making right now fit that pattern.
Related: Nancy Pelosi places big bets on two surging tech stocks
