Stock Congress bought the most in 2024

All five stocks Purchased by members of the US Congress Many things are shared in 2024, including leadership positions Technology and two-pronged appeal. The takeaway is that these stocks are critical to national security and American leadership in world trade, and their business is validated by congressional support. While not technically insiders, members of Congress are uniquely positioned to know which companies are best positioned to benefit from international trends and government policies.

Microsoft rules the cloud

Microsoft NASDAQ: MSFT It is not the largest cloud hyperscaler or the fastest growing (due to its large size), but it has emerged as the leading hyperscaler for AI advancements and applications. Its Azure cloud network provides industry-leading functionality and is ultimately better for organizations already using Microsoft products: they integrate seamlessly. Regarding congressional activity, MarketBeat tracks 21 trades by seven members, including senators and representatives. The biggest Democratic buyer is Rep. Josh Gottheimer (D-NJ); The biggest Republican buyer is Representative Marjorie Taylor Green (R-GA).

Microsoft’s revenue and earnings outlook is good. The company is expected to experience top-line and bottom-line growth of 10% in 2025, with revenue growth holding steady and earnings rising over the next two years. Analysts rate it a moderate buy and see it reaching $511 or higher in 2025, which is enough for a 20% gain from a new all-time high and important support levels.

At the root of all things NVIDIA is AI

NVIDIA NASDAQ: NVDA AI is the root of all things, the future of computing. Its GPUs and CPUs, along with the CUDA framework, unlock the potential of AI that companies like Microsoft are now harnessing. It is the second most purchased stock by Congress in 2024, with ten members making 17 purchases.

Notable buyers include Marjorie Taylor Green and Senator Nancy Pelosi (D-CA). Ms. Pelosi is the largest holder, having made two purchases of at least $1 million, compared to much smaller trades by other members. Incidentally, NVIDIA is not a direct beneficiary of the CHIPs Act but an indirect one. Partner Taiwan Semiconductor Corporation is a benefactor and will use the money to expand its operations in Arizona, allowing NVIDIA to get to 100% of GPU production within the next decade.

Broadcom helps AI work

Broadcom NASDAQ: AVGO Another AI powerhouse is gaining traction in 2025. The company has chips and software technology Important for the data center A key to unlocking the power of AI at operation and scale.

It is the third most bought stock in Congress, with six trades by four members last year. Again, the most notable buyer is Nancy Pelosi, who bought at least $1 million in options. Broadcom is rated a moderate buy by 24 analysts; Stocks are being driven to new highs by revisions.

Palo Alto Networks has secured a place in the portfolio of Congress

Palo Alto Networks NASDAQ: PANW is the world’s leading and largest cyber security company. This is an essential fact in a world where AI-assisted cyberattacks are growing at a triple-digit pace. This is the fourth most purchased stock by Congress in 2024, and once again, Ms. Pelosi is the largest buyer. He made two purchases in February that are now in the money.

The Palo Alto business’ outlook is for moderate revenue growth over the next two to three years and accelerating growth at the end of the decade driven by a platformization shift. Analysts rate this stock as a moderate buy and see it set more new highs in 2025.

Intel: Down but not out

Intel NASDAQ: INTC It has had its share of struggles and setbacks but the semiconductor is not out of the game. Its chips are still critical to the technology industry; It is a major player and recipient of approximately $7.9 billion in CHIPs Act funding. Intel is also central to US semiconductor strategy, with several domestic foundries already in production.

It is the fifth most purchased stock by Congress since 2024, with three members purchasing eight times. Prominent Republicans buying stocks include Marjorie Taylor Greene and Tommy Tuberville (R-Al); Single Democratic buyer Jonathan L. Jackson (D-IL).

Before you consider NVIDIA, you might want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified Five stocks That top analysts are quietly telling their clients to buy now before the broader market hits… and NVIDIA wasn’t on the list.

While NVIDIA currently has a “medium buy” rating among analysts, top analysts believe these five stocks are better buys.

Check out five stocks here

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