Marjorie Taylor Greene has served in the House as the representative for Georgia's 14th Congressional district since taking office in 2021. Due to the STOCK Act, the Republican congresswoman is required to file disclosures for any stock purchases and sales she makes while in office. Like Nancy Pelosi on the opposing side of the political aisle, some investors are paying close attention to Greene's moves.
Notably, Marjorie Taylor Greene has been an active investor in artificial intelligence (AI) stocks. If you're interested in knowing which AI stocks the Republican congresswoman has been loading up on, here's a look at five industry-leading artificial intelligence companies she invested in right before the new yesar started.
1. Nvidia
Like all the other stocks on this list of Green's recent purchases, the congresswoman purchased Nvidia (NVDA -0.02%) stock on Dec. 23, and she made her public disclosure of the purchase on Dec. 30. Given that Greene has shown an interest in investing in the AI revolution, it's not shocking that she's chosen to put some money behind Nvidia.
Nvidia dominates the market when it comes to the advanced graphics processing units (GPUs) that are used to train and run artificial intelligence models and applications. The company's CUDA software platform is also the leading interface for getting the most out of GPUs for AI, giving the company a powerful software edge that adds to its competitive advantages in the hardware market.
Thanks to the foundation-level role that the company's products are playing in the rise of AI, Nvidia's sales and earnings have been skyrocketing lately. In the company's last reported quarter, revenue rose 94% year over year to hit $35.1 billion -- and the business's net income rose 109%. This kind of stellar business momentum has helped the stock climb more than 200% during the past year alone.
2. Amazon
Amazon (AMZN 0.01%) operates the world's leading cloud-infrastructure business. Amazon Web Services (AWS) is used by developers all over the world to build, train, deploy, and scale AI applications, and it's likely still in the early stages of benefiting from powerful demand related to the rise of artificial intelligence. AWS is a fantastic earnings generator for the business, and the company should continue to see strong profit growth as the segment continues to expand and account for more of its total sales.
The tech giant's industry-leading e-commerce business will likely also wind up being a big beneficiary of the artificial intelligence revolution. As AI and robotics pave the way for warehouse and delivery automation, Amazon will have opportunities to unlock the untapped profit potential of its vast global online retail operations.
Image source: Getty Images.
3. Microsoft
Like Amazon, Microsoft (MSFT 0.52%) is a leading player in the cloud-infrastructure services space. The company's Azure platform is the second-largest provider in the cloud services space and has been gradually gaining market share. In addition to its cloud business, Microsoft has launched the Copilot digital assistant and has been integrating AI into its PC, productivity software, and operating system businesses. The company also has a close partnership with OpenAI, which is responsible for the revolutionary ChatGPT app.
Microsoft has been investing more than any other company to be a leader in AI-related software services. The company made roughly $53 billion in capital expenditures last year -- with the large majority going toward building out its data center infrastructure for artificial intelligence. The company says that it will spend about $80 billion in 2025 on AI data center infrastructure alone. In the artificial intelligence software market, Microsoft arguably has a stronger position than any other player.
4. Meta Platforms
Meta Platforms (META -1.16%) is the parent company of leading social media businesses and communication services, including Facebook, Instagram, and WhatsApp. The social media giant also owns the Oculus virtual reality platform. As of its last quarterly report, Meta had 3.29 billion daily active users across its family of services. In other words, roughly 41% of the global population uses at least one of the company's software platforms daily.
Meta has been using artificial intelligence to make its content feeds more engaging. It's also been using AI to improve the effectiveness of its advertising targeting and to lower its own operating costs. With a huge global user base, access to tons of valuable data, and deep technological and financial resources, Meta has what it takes to be a long-term winner in AI.
5. ServiceNow
ServiceNow (NOW -0.48%) is a cloud software company that provides business management and optimization services to enterprises. The company launched its Now Assist artificial intelligence platform in September 2023 and has seen impressive adoption of the service. In addition to its own AI platform and assistant tools, ServiceNow has also integrated Microsoft's Copilot into its offerings.
Thanks to its large customer base, ServiceNow has a wide range of existing clients to sell expanded services. The company's large user base also means that it has troves of relevant data that it can use to train its AI systems and deliver improved products for general purposes and specific industry applications. ServiceNow has a strong position in a corner of the artificial intelligence market that looks poised for plenty of growth over the long term, and the company has been executing at a high level in these early days of the AI revolution.
