Marjorie Taylor Greene’s AI Investment Moves: Spotlight on Top Stocks
Since 2021, Marjorie Taylor Greene has represented Georgia’s 14th congressional district in the House. As required by the STOCK Act, the Republican congresswoman must disclose her stock purchases and sales while in office. Investors are closely watching her investments, similar to how they pay attention to Nancy Pelosi’s financial moves.
Greene has notably been investing in artificial intelligence (AI) stocks. If you’re curious about which AI companies she has chosen to invest in, here are five leading firms she bought shares of just before the new year.
1. Nvidia (NASDAQ: NVDA)
On December 23, Greene purchased Nvidia shares and disclosed the transaction on December 30. Her interest in AI is evident in her selection of Nvidia, a firm that leads the market in graphics processing units (GPUs) used for training AI models. Nvidia’s CUDA software platform enhances performance and gives the company a competitive edge.
Recently, Nvidia has seen remarkable growth. In its latest quarter, revenue surged 94% year over year to reach $35.1 billion, and net income soared by 109%. This success has pushed the stock up roughly 200% in the past year.
2. Amazon (NASDAQ: AMZN)
Amazon is the top player in cloud infrastructure through its Amazon Web Services (AWS). AWS allows developers worldwide to create and scale AI applications, positioning the company to benefit from the growing AI demand.
In addition, Amazon’s e-commerce sector stands to gain from advances in AI and robotics, which can enhance warehouse operations and delivery processes, unlocking new profit opportunities in its extensive online retail venture.
3. Microsoft (NASDAQ: MSFT)
Microsoft is another cloud powerhouse, with its Azure platform being the second-largest provider in the industry. The company is integrating AI across its services,, including launching the Copilot digital assistant and maintaining a partnership with OpenAI, the creator of ChatGPT.
Last year, Microsoft invested approximately $53 billion, primarily focused on AI data centers, and plans to allocate about $80 billion by 2025 for expanding AI-related infrastructure. This strong commitment positions Microsoft as a major player in AI software services.
4. Meta Platforms (NASDAQ: META)
Meta Platforms is the parent of social media giants such as Facebook, Instagram, and WhatsApp, boasting 3.29 billion daily active users across all its platforms—about 41% of the global population.
Meta is leveraging AI to enhance user engagement and optimize advertising efforts, aiming to reduce operational costs. With vast amounts of data and resources, the company is well-equipped to capitalize on opportunities in the AI sector.
5. ServiceNow (NYSE: NOW)
ServiceNow offers cloud software that enhances business management. The launch of its AI platform, Now Assist, in September 2023, has seen significant user adoption. The company has also partnered with Microsoft to integrate its Copilot into ServiceNow’s offerings.
Given its large customer base and data resources, ServiceNow can expand its services while utilizing its data for AI development, positioning the company for potential growth in the long-term AI market.
Should You Invest $1,000 in Nvidia Now?
If considering Nvidia, it’s important to note that the Motley Fool Stock Advisor has identified ten stocks that they believe are better investment opportunities right now, and Nvidia is not among them.
Reflecting on a past recommendation, if you had invested $1,000 in Nvidia on April 15, 2005, you would have seen it grow to an impressive $858,668!
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Disclosure: The Motley Fool has positions in and recommends Amazon, Meta Platforms, Microsoft, Nvidia, and ServiceNow.
The views expressed here reflect the author’s opinions and do not necessarily represent those of Nasdaq, Inc.