Marjorie Taylor Greene Makes Big Moves in AI Stocks in 2024
Georgia Rep. Marjorie Taylor Greene has been making waves with her investment decisions this year, already totaling $1.97 million in trades, with $1.91 million in buys. This marks her most active year since taking office in 2021. Greene, a member of the Subcommittee on Cybersecurity, Information Technology, and Government Innovation, recently disclosed trades in companies benefiting from artificial intelligence (AI).
One of her picks is Applied Materials (NASDAQ: AMAT), a key player in semiconductor manufacturing technology, up over 30% YTD. Greene also bought shares of Dell Technologies (NYSE: DELL), a provider of PCs, servers, and data storage. However, her purchase of Corning (NYSE: GLW) was poorly timed, as the stock dropped after earnings.
Duke Energy (NYSE: DUK) was another of Greene’s buys, as AI applications require significant energy consumption. In addition to AI beneficiaries, she also added JPMorgan Chase (NYSE: JPM) and United Parcel Services (NYSE: UPS) to her portfolio. Greene’s investment decisions provide insight into the growing importance of AI in various industries.
In summary, Marjorie Taylor Greene’s focus on AI stocks reflects the increasing influence of technology in the market. As an investor, it is essential to consider trends like AI when making investment decisions to stay ahead of the curve and capitalize on emerging opportunities.