AI, Nvidia and Corruption?

A recent bombshell report from The New York Times revealed that... [Outsider Club Header] Mar 01, 2024 By Alexander Boulden AI, Nvidia and Corruption? Dear Reader, I had an interesting conversation with some friends this weekend over spicy Italian subs. I asked them a simple question… If you wanted to buy a stock, what would be your first step? The answer was to find an expert, someone with knowledge about the markets. One of them said they knew nothing about the stock market but that they were investing through their "401… something… or 403… (B) — that’s the one!" Although this was just one anecdote and a tiny sample size, it made me realize that many Americans don’t follow the markets or individual stocks… at all. As someone who spends the majority of their day tracking single stocks, I felt shocked. For the last few weeks, the only words I’ve been hearing are "AI" and "Nvidia." Even for the investing layperson, you can’t get away from them. But even I can’t have my finger on the pulse of every single trend. It’s frankly impossible. There aren’t enough hours in the day. Some people do, though. More on that in a bit… But first, I came across some eye-opening statistics this week. Do NOT Buy Another Stock Until You Read This! Artificial intelligence has kicked off a new bull market. As Bloomberg puts it, "A serious rally has... erupted"... CNBC says, "[This] explosion could save the market and maybe the economy... And Forbes reports AI has minted the youngest self-made billionaire in the world, a 25-year-old college dropout. But if you want to profit from this boom, you should steer clear of the usual suspects like Microsoft, Nvidia, or Google. For the opportunity to rake in truly life-changing gains, there’s just one stock you should buy today. Analysts believe this is [THE superior AI play.]( Early customers include the U.S. Air Force, Cisco, and Raytheon... And with a massive announcement around the corner, shares are destined to soar. [Find out how to position yourself today for maximum gains.]( These numbers may shock you. They may make you mad. They’re framed in a bit of a strange way on a social media post. I can’t find the username of the original poster, but the question was this: Want to take a guess on the most corrupt sport in the country? NFL or NBA? I’ll give you a few clues. - 36 have been found guilty of spousal abuse. - 7 are guilty of fraud. - 19 of them have written bad checks. - 71 can’t qualify for a credit card because of their own bad credit. - 3 are guilty of assault. - 14 drug-related charges. - 8 have been convicted of shoplifting. - 21 are currently involved in lawsuits. - 84 have been involved in a drunk-driving incident. Know the answer? Neither. These statistics are represented by the 435 members of the United States Congress. If you’re waiting on someone in Washington to fix the mess in our country, stop… and go read your Bible. Well, I guess it really is a representative democracy, huh? The crazy thing is if any true citizen of the U.S. were involved in any of these criminal activities, they’d probably be in jail, fined, barred from the military, and publicly shamed. One thing that this list left out is the elephant in the room. The one thing Congress does that pisses us off the most. Insider stock trading. A recent bombshell report from The New York Times revealed that nearly one-fifth of congressional members are career criminals. In just the last three years, a whopping 97 members of Congress, including family members, traded stock in sectors that they influence, indicating a clear conflict of interest. The article states, “From 2019–2021, 183 current senators or representatives reported a trade of a stock or another financial asset by themselves or an immediate family member.” Among those members, “more than half of them sat on congressional committees that potentially gave them insight into the companies whose shares they reported buying or selling.” Now, we’ve been investigating this corrupt activity in Wealth Daily for some time, detailing how certain lawmakers profited and continue to profit off the pandemic and the Ukraine war. Take Sen. Richard Burr, former chairman of the Senate Intelligence Committee, for example. In 2019, he gave a closed-door speech to well-connected constituents at the Capitol Hill Club, warning of the seriousness of the coronavirus. He proceeded to unload $1.72 million worth of personal stocks in mid-February, just before the market took a pandemic-related nosedive. Or how about Rep. Mark Green? According to the Times, “While he was sitting on the House’s special coronavirus subcommittee, Mr. Green and his wife bought shares of General Electric, which got pandemic-related ventilator contracts. The company also contracts with the U.S. military, which is under the purview of another of Mr. Green’s committees.” And Rep. Marjorie Taylor Greene purchased American oil stock Chevron (NYSE: CVX), defense contractor Lockheed Martin (NYSE: LMT), and renewable energy company NextEra Energy (NYSE: NEE) just two days before Russia's invasion of Ukraine. This list goes on and on and on. The "Horseshoe Well" Is Set to Reshape the $4 Trillion Oil Industry A new drilling technique is sending shock waves through the American oil patch. The Journal of Petroleum Technology says this revolutionary method is "a design unlike anything most have seen in the shale sector before"... And it’s set to kick off a wave of profits that could make the fracking boom look like child’s play. [I’ve documented all of my findings here for you to check out.]( If you’ll remember, President Obama passed the Stop Trading on Congressional Knowledge (STOCK) Act in 2012, which was supposed to stop these kinds of shenanigans, but even when lawmakers don’t comply with the act, nothing happens to them. A committee comprised of congressional peers, the so-called Office of Congressional Ethics, briefly reviews the trades and just dismisses the cases. That’s why we and others like the website Insider do our own research. Per the Times article, Insider reported last year that “72 members of Congress had fallen out of compliance with the STOCK Act by making trading disclosures late, inaccurately, or not at all.” And even if they're not technically insider trading, who cares? The Times article sums it up well: Like everyone else, members of Congress are subject to laws against insider trading. Even knowledge that would fall short of the legal definition of inside information, though, has the potential to create ethical dilemmas for members of Congress who, on any given day, might be able to glean insights through legislative work, classified briefings or meeting with constituents, donors, corporate executive, regulators, and other government officials. But there’s something Congress didn’t see coming... The fact that regular citizens like you and me can simply follow along with their stock trades. It’s as easy as copy, paste, and profit! Let’s look at the infamous white whale, Nancy Pelosi. Here are her current holdings: - Apple (NASDAQ: AAPL) - Microsoft (NASDAQ: MSFT) - Nvidia (NASDAQ: NVDA) - Google (NASDAQ: GOOG) - Crowdstrike (NASDAQ: CRWD) - Amazon (NASDAQ: AMZN) - Tesla (NASDAQ: TSLA) - AllianceBernstein (NYSE: AB) - Disney (NYSE: DIS) - Palo Alto Networks (NASDAQ: PANW) She’s made a literal fortune off Nvidia. So I don’t know about you, but I’ll be following along with some of these trades with my own money. If you want to know which ones, I’ve got you covered. [I’ve got a full list here of the hottest insider stocks trades to date.]( Stay frosty, Alexander Boulden Editor, Wealth Daily [[follow basic]Check us out on YouTube!]( Want to hear more from Alexander? [Sign up to receive emails directly from him]( ranging from market commentaries to opportunities that he has his eye on. Biden's 19-Page Memo Just Sparked an $18.3 BILLION Income Opportunity President Biden is ready to overhaul the economy on a MASSIVE scale... And his new economic policy is allowing in-the-know Americans to claim as much as $7,882 every quarter — all courtesy of the U.S. government. It all starts with his secret 19-page memo: [executive-office] This memo is an obscure provision of the Internal Revenue Code. It’s similar to the stimulus checks people received during the pandemic... However, what most people don’t know is that this new policy sparked an $18.3 BILLION opportunity for everyday Americans that’s completely backed by government funds. I call them “Stimulus Stipends,” and they’re like stimulus payments on steroids. Again, payments run as high as $7,882 each quarter... You can collect them for LIFE... And it only takes a matter of minutes to get started. [Learn more about how to start receiving your “Stimulus Stipends” today.]( Follow the Outsiders [YouTube]( This email was sent to {EMAIL}. You can manage your subscription and get our privacy policy[here](. Outsider Club, Copyright © Outsider Club LLC, 3 E Read Street Baltimore, MD 21202. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info [here]( including our privacy policy and information on how to manage your subscription. 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