3 world-famous stocks that politicians have been selling lately
In addition to their political duties, politicians also focus on their investment portfolios during the election campaign period. While many see great potential in artificial intelligence (AI)-focused stocks, several politicians have decided to ditch some familiar names in the segment.
In this article, we take a look at three stocks that politicians have sold recently - Microsoft, Broadcom and Lam Research - and why they decided to make these moves.
Broadcom: politicians are looking at it with scepticism
Semiconductors, or semiconductors, are one of the fastest-growing sectors, thanks largely to the development of technologies such as AI. Still, some politicians have decided to sell Broadcom stock to $AVGO. In September 2024, for example, Democratic Congressman Josh Gottheimer of New Jersey sold $1,001 to $15,000 worth of Broadcom stock in multiple transactions. Similarly, Republican John James of Michigan made sales of Broadcom stock during the same period.
While it is not entirely clear…