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…