NVIDIA (NASDAQ: NVDA) ushered in a new age with the surge of AI and its lean into full-stack AI services. The company's leadership position is reflected in its results and stock price, which is still advancing. Members of Congress are on board the NVIDIA freight train, but it isn't the most bought AI stock for the group. That title goes to Microsoft (NASDAQ: MSFT), which has a commanding lead over the No. 2 AI stock, NVIDIA.
More Congress members bought NVIDIA than Microsoft, but that is where the dominance ends for this tech stock. 10 members made 17 purchases of NVIDIA totaling about $3.186 million, while eight members made 24 trades in Microsoft totaling about $31.7 million — nearly 10 times as much. If that doesn't register as an opportunity for investors, they aren't listening hard enough.
Which Members of Congress Are Buying NVIDIA and Microsoft?
Who's buying NVIDIA? Members on both sides of the aisle from both houses bought NVIDIA. But Democrats, specifically Nancy Pelosi, purchased the bulk of shares. Representative Pelosi bought more than $1 million in late November, just before the stock price began to rally and ...