The five stocks most purchased by U.S. Congress members in 2024 share several commonalities, including leadership positions in technology and bipartisan appeal. These stocks are considered crucial to national security and the U.S. dominance in global trade, with their business models validated by congressional support. While not technically insiders, Congress members possess a unique understanding of companies poised to capitalize from international trends and government policies.
\Microsoft, though not the largest or fastest-growing cloud hyperscaler, has established itself as the leading player in AI advancement and application. Its Azure cloud network boasts industry-leading functionality and seamlessly integrates with existing Microsoft products. Congressional interest in Microsoft is evident, with MarketBeat tracking 21 trades by seven members, including senators and representatives from both parties. Representative Josh Gottheimer (D-NJ) is the largest Democratic buyer, while Representative Marjorie Taylor Greene (R-GA) leads among Republicans. The outlook for Microsoft's revenue and earnings remains positive. The company anticipates a roughly 10% growth in both top and bottom lines in 2025, with steady revenue growth and accelerating earnings growth projected over the next two years. Analysts maintain a Moderate Buy rating, forecasting a price surge to $511 or higher in 2025, representing a new all-time high and a 20% gain from crucial support levels. \NVIDIA, the foundation of all things AI, is the future of computing. Its GPUs and CPUs, coupled with the CUDA framework, unlock the potential of AI that companies like Microsoft are now harnessing. It ranks as the second most-purchased stock by Congress in 2024, with ten members making 17 purchases. Notable buyers include Marjorie Taylor Greene and Senator Nancy Pelosi (D-CA).