Rep. Michael McCaul Rides the AI Boom with AMD, AAPL, META Buys

Group 1 - Artificial intelligence (AI) is a major focus in 2024, with significant investments from various companies totaling billions of dollars [1] - Congressman Michael McCaul has disclosed trades worth over $5 million in companies like AMD, Apple, and Meta Platforms, indicating confidence in the AI sector [1][3] - McCaul's trades were executed through his spouse and children, highlighting a personal investment strategy aligned with his political interests in technology [1][3] Group 2 - McCaul has conducted a total of 5,868 trades across 546 issuers, with a trade volume of approximately $612.42 million, primarily in financials, industrials, and information technology [2] - Recent trades include selling and buying shares of Meta, with transactions ranging from $15,000 to $50,000, and multiple purchases of Apple shares between $100,000 and $250,000 [3] - McCaul is a proponent of AI development, having introduced the CREATE AI Act, which aims to support AI research and education [3][4] Group 3 - The CREATE AI Act seeks to establish the National Artificial Intelligence Research Resource (NAIRR) to provide essential resources for AI research and education [4]