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Forget Nvidia: Members of Congress Are Scooping Up Shares of Its Core Rival Instead

TheMotleyFool

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Forget Nvidia: Members of Congress Are Scooping Up Shares of Its Core Rival Instead: https://g.foolcdn.com/editorial/images/774241/computer-chip-engineer.jpg

Nvidia (NASDAQ: NVDA) is the 800-pound gorilla of artificial intelligence (AI). Demand for its chips is through the roof. Its shares skyrocketed by 239% last year, and are up around 60% so far in 2024.

But Nvidia isn't the only AI company that's popular with investors, and there's another one that has especially found favor with those whom the voters have sent to work on Capitol Hill. Members of Congress are scooping up shares of Nvidia's chief rival instead.

Nvidia ranked in the top 10 among stocks lawmakers sold most in 2023. The trend has continued into this year, with sell transactions outweighing buy transactions by a ratio of more than 2 to 1.

Source Fool.com

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