Determined to secure re-election to Congress, Representative Marjorie Taylor Greene, the Republican congresswoman from Georgia, took time out of her schedule to make some adjustments to her investment portfolio before Election Day. In early November, she went on a buying spree, buying shares of several artificial intelligence (AI) stocks in addition to stocks from other sectors.
The additions included Advanced micro devices (NASDAQ: AMD), Apple (NASDAQ: AAPL), Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), Digital Property To trust (NYSE: DLR), Meta Platforms (NASDAQ: META)And Tesla (NASDAQ: TSLA). While it is not clear exactly how much Greene invested in each share, her regulatory filings show that each trade on November 1 was worth between $1,001 and $15,000.
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There’s no denying that Greene is incredibly optimistic about the future of AI and consistently buys shares of companies that offer different types of exposure to the fast-growing field. For example, AMD first hit Greene’s buying screen in 2022.
More recently, she bought shares of the semiconductor maker last May, causing her average trading price to drop thanks to a mild market sell-off after the company reported third-quarter 2024 financial results. While shares closed at $164.66 on May 21, they ended the trading session on November 1 at a price of $141.86.
Like AMD, Apple is a position Greene has steadily built, having bought the company three times now in 2024. Just before purchasing Apple stock, the company reported strong fourth-quarter 2024 financial results.
In addition to strong year-over-year revenue and profit growth, the company highlighted its push for AI with its Apple Intelligence tool that will be available on the iPhone, iPad and Mac.
Expanding its exposure to AI, Greene increased its position in Digital Realty Trust, a real estate investment trust (REIT) specializing in data centers, which handles the high computational load required by AI programs. Digital Realty Trust provides Greene with a stable – and secure – passive income stream.
Currently, the REIT offers a forward dividend yield of 2.7%, and the company generated enough free cash flow to cover its dividend over the past decade. The investment-grade balance sheet provides additional certainty that the dividend is not in danger of being jeopardized.
During the Q3 2024 conference call, CEO Mark Zuckerberg confirmed that Meta Platforms is benefiting from the company’s adoption of AI, with he and the rest of management “estimating that there are now more than 3.2 billion people living at least one of our apps every day, and we’re seeing rapid adoption of Meta AI and Llama [the company’s generative AI model]which is quickly becoming a standard across the industry.”
Yet another AI stock on Green’s list recently was Tesla. While some may speculate that her interest is tied to the growing relationship between Elon Musk and newly elected President Donald Trump, it’s important to recognize that this isn’t Greene’s first rodeo with Tesla stock.
In fact, her purchase of the shares in early November was the fourth time in 2024 that she parked the car manufacturer’s shares in her portfolio. In addition to the AI exposure that the company’s full self-driving feature provides, Tesla is developing the humanoid robot Optimus, which relies heavily on AI programming.
Building positions in innovative industries such as AI has the potential to yield enormous returns in one’s investments. But experienced investors also appreciate the fact that anchoring their positions with a proven winner like Berkshire Hathaway is a smart way to reduce the risks associated with speculative investments in AI.
It doesn’t produce dividend income, but Berkshire Hathaway stock has managed to grow shareholder value significantly over time thanks to Warren Buffett’s smart leadership.
The buoyant market since Election Day has left many of Greene’s shares trading at steep valuations, so those looking for shares in the bargain bin are out of luck.
However, many AI stocks have been trading at rich valuations for months, so those interested in them shouldn’t be discouraged. The shares of industry leaders like AMD, Apple, Digital Realty Trust, Meta Platforms, and Tesla may have expensive price tags, but they are all excellent ways to gain AI exposure. Alternatively, Berkshire Hathaway is a good consideration for anyone looking to strengthen a portfolio with a proven winner.
If our analyst team has a stock tip, it could be worth listening to. After all, Stock Advisors the total average return is 879% – a market-shattering outperformance compared to 176% for the S&P 500.*
They just revealed what they believe to be the 10 best stocks for investors to buy now… and Advanced micro devices made the list, but there are nine other stocks you might be overlooking.
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*Stock Advisor returns November 11, 2024
Randi Zuckerberg, former director of market development and spokeswoman for Facebook and sister of Mark Zuckerberg, CEO of Meta Platforms, is a member of The Motley Fool’s board of directors. Scott Levine has no position in any of the stocks mentioned. The Motley Fool holds positions in and recommends Advanced Micro Devices, Apple, Berkshire Hathaway, Digital Realty Trust, Meta Platforms, and Tesla. The Motley Fool has a disclosure policy.
Marjorie Taylor Greene has been buying shares since November. Here are 6 she just bought. was originally published by The Motley Fool
