Posted on 09/07/2024 6:23:00 PM PDT by simpson96
Like the temperature throughout August, the stock buying activity of Rep. Marjorie Taylor Greene, a Republican from Georgia, has stayed hot over the past few weeks. According to a recently submitted regulatory filing, Greene, who sits on the Oversight and Reform Committee and the Homeland Security Committee, added shares of six stocks to her portfolio.
In this round of stock purchasing, Greene increased her exposure to artificial intelligence (AI) stocks, picking up shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Amazon (NASDAQ: AMZN), Intel (NASDAQ: INTC), and Nvidia (NASDAQ: NVDA). Greene also scooped up shares of logistics leader FedEx (NYSE: FDX) and pipeline operator Kinder Morgan (NYSE: KMI). It's not certain how much Greene invested in each of the stocks, though each transaction was valued between $1,001 and $15,000.
Through the first half of 2024, Greene added a variety of AI stocks to her holdings, and her enthusiasm for the rapidly growing industry has hardly slowed. Although we don't know the exact reason why Greene clicked the buy button on Alphabet, it's possible that she sense a bargain. Over the one-month period that preceded her purchase, shares of Alphabet had dropped nearly 7%. Addressing the boon that AI has represented for the company's financials, Sundar Pichai, Alphabet's CEO, stated on the Q2 2024 conference call, "Year to date, our AI Infrastructure and Generative AI Solutions for Cloud customers have already generated billions in revenues, and are being used by more than 2 million developers."
(Excerpt) Read more at finance.yahoo.com ...
Now do Pelosi.
I was just looking at NVDA insider trading earlier this week. The insiders are selling, not buying. Pelosi and a half dozen other critters were buying too earlier in the year.
https://www.marketbeat.com/stocks/NASDAQ/NVDA/insider-trades/
I admire the lady.
So what? Is there legislation pending that MTG knows about that is going to boost the stock?
Fairly common for execs regular sell stock they get as compensation.
We’re on the cusp of a recession if not a crash. The smart money that I’m aware of is going into cash.
This would be IMO a bet on Trump.
Trump has pledged to fast-track energy including clearing regulations around nuclear so that the kind of infrastructure we need for the US to lead in AI will be in place.
No electricity, no AI. IMO even if super-elitists have a big data center with Very Important Priority energy it doesn’t *do* anything by itself without lots of other machines generating information for it to digest. Doesn’t work at all with leftist-fantasy blackouts and brownouts.
Mostly good investments but about a month early.
The market has farther to fall.
Is she supposed to put her money into a savings account or something?
Pelosi stock trader watch on twitter shows that MTG’s buys are the same as Pelosi already has. In the 1000s as opposed to millions of course.
Makes one wonder if MTG isn’t trying to bring attention to Pelosi or if she just figures they’re safe and smart buys if Pelosi has the same.
Wonder what AOC invests in? She went from can’t afford DC rent to being worth millions really quick.
Lady?
really? she did not buy any truth social ($DJT) stocks it looks like.
to me that would be a sign of support to trump.
WARREN BUFFETT got rid of ALL of his Bank of America stocks.
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