Congresswoman Marjorie Taylor Greene’s Bold Investment Move
As the November elections approached, Rep. Marjorie Taylor Greene took a strategic step to diversify her investment portfolio. The Republican congresswoman from Georgia invested in several artificial intelligence (AI) stocks, as well as other industries, showcasing her confidence in the burgeoning field.
A Bullish Stance on AI
Greene’s regulatory filing reveals that she purchased shares of Advanced Micro Devices (NASDAQ: AMD), Apple (NASDAQ: AAPL), Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), Digital Realty Trust (NYSE: DLR), Meta Platforms (NASDAQ: META), and Tesla (NASDAQ: TSLA) on November 1. Although the exact investment amount is unknown, each transaction was valued between $1,001 and $15,000.
AMD: A Consistent Favorite
Greene has consistently shown faith in AMD, first investing in the semiconductor maker in 2022. She recently added to her position in May, taking advantage of a market sell-off after the company reported its third-quarter 2024 financial results. With shares closing at $141.86 on November 1, Greene’s average trade price decreased.
Apple: A Steadily Built Position
Greene has also steadily built her position in Apple, buying the stock three times in 2024. Her most recent purchase came after the company reported strong fourth-quarter 2024 financial results, highlighting its push into AI with the Apple Intelligence tool.
Digital Realty Trust: A Secure Income Stream
To broaden her AI exposure, Greene increased her position in Digital Realty Trust, a real estate investment trust (REIT) specializing in data centers. This move provides her with a steady and secure passive income stream, thanks to the REIT’s 2.7% forward dividend yield and sufficient free cash flow to cover its dividend for the past decade.
Meta Platforms: Riding the AI Wave
CEO Mark Zuckerberg confirmed on the third-quarter 2024 conference call that Meta Platforms is benefiting from its adoption of AI, with over 3.2 billion people using at least one of its apps daily. Greene’s investment in Meta Platforms is likely driven by the company’s rapid adoption of Meta AI and Llama, its generative AI model.
Tesla: A Familiar Name
Greene’s purchase of Tesla stock in early November was her fourth investment in the automaker in 2024. Besides its full self-driving feature, Tesla is developing the humanoid robot Optimus, which relies heavily on AI programming.
A Balanced Approach
By investing in innovative industries like AI, Greene is positioning herself for potential long-term gains. However, she is also smartly grounding her holdings with a tried-and-true winner like Berkshire Hathaway, reducing the risks associated with speculative investments in AI.
A Valuable Lesson
As the market continues to fluctuate, investors can learn from Greene’s strategic move. While many AI stocks may come with steep valuations, they offer excellent ways to gain exposure to this burgeoning field. Alternatively, Berkshire Hathaway provides a worthy consideration for anyone looking to fortify their portfolio with a proven winner.
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