Like the temperature throughout August, the stock buying activity of Rep. Marjorie Taylor Greene, a Republican from Georgia, has stayed hot over the past few weeks. According to a recently submitted regulatory filing, Greene, who sits on the Oversight and Reform Committee and the Homeland Security Committee, added shares of six stocks to her portfolio.

In this round of stock purchasing, Greene increased her exposure to artificial intelligence (AI) stocks, picking up shares of (NASDAQ: GOOGL) (NASDAQ: GOOG), Amazon (NASDAQ: AMZN), Intel (NASDAQ: INTC), and Nvidia (NASDAQ: NVDA). Greene also scooped up shares of logistics leader FedEx (NYSE: FDX) and pipeline operator Kinder Morgan (NYSE: KMI). It's not certain how much Greene invested in each of the stocks, though each transaction was valued between $1,001 and $15,000.

Through the first half of 2024, Greene added a variety of AI stocks to her holdings, and her enthusiasm for the rapidly growing industry has hardly slowed. Although we don't know the exact reason why Greene clicked the buy button on Alphabet, it's possible that she sense a bargain. Over the one-month period that preceded her purchase, shares of Alphabet had dropped nearly 7%. Addressing the boon that AI has represented for the company's financials, Sundar Pichai, Alphabet's CEO, stated on the Q2 2024 conference call, "Year to date, our AI Infrastructure and Generative AI Solutions for Cloud customers have already generated billions in revenues, and are being used by more than 2 million developers."

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Source Fool.com