Marjorie Taylor Greene Doubles Down on AI Stocks in Latest Investment Spree
By Jake Beardslee ·
October 28, 2024
Georgia Representative Marjorie Taylor Greene has maintained her active stock trading pattern, recently expanding her portfolio with significant investments in several high-profile companies, particularly those involved in artificial intelligence technology. Gage Skidmore / Wikimedia
According to recent regulatory filings, Greene executed multiple stock purchases on October 21, with individual transactions ranging between $1,001 and $15,000. Gage Skidmore / Wikimedia
Her latest acquisitions include shares in ASML, Berkshire Hathaway, Caterpillar, Intel, Microsoft, and Tesla. energepic.com / Pexels
The congresswoman's investment strategy appears heavily weighted toward artificial intelligence, with particular emphasis on companies at the forefront of the AI revolution. Gage Skidmore / Wikimedia
Her purchase of ASML stock, a leading semiconductor equipment manufacturer, came just weeks after a previous investment in early October. afrank99 / Wikimedia
Similarly, Greene's third purchase of Intel stock in three months suggests strong confidence in the chip maker's potential despite industry challenges. Intel / Wikimedia
Microsoft, another significant player in the AI space, also attracted Greene's attention.
The company's Azure cloud-computing platform and AI assistant Copilot likely influenced her decision to add to positions previously established in May and September. Microsoft Corporation / Wikimedia
Tesla, known for its autonomous driving technology, also featured in Greene's recent purchases.
The timing of her investment, just before Tesla's third-quarter financial results announcement on October 23, could indicate strategic positioning ahead of the earnings report. Tesla / Wikimedia
In what appears to be a move toward portfolio diversification, Greene also invested in Berkshire Hathaway, the conglomerate led by Warren Buffett.
This investment provides a contrast to her tech-heavy selections, as Berkshire has demonstrated remarkable long-term stability, outperforming the S&P 500 over the past three decades. Berkshire Hathaway, Inc. / Wikimedia
Greene's investment in Caterpillar, despite the stock trading at $390.48 on October 21, represents a continued interest in the industrial sector.
The company's consistent dividend history, including payments since 1933 and 31 consecutive years of increases, may have influenced this decision. Caterpillar Inc. / Wikimedia
Greene's investments reflect a mix of high-growth technology stocks and established blue-chip companies, suggesting a balanced approach to portfolio management, albeit with a notable emphasis on artificial intelligence and technology sectors. Gage Skidmore / Wikimedia
