NVIDIA has made significant strides in the field of artificial intelligence (AI), establishing itself as a leader in the industry. This has been reflected in the company's financial performance and stock value, which continue to rise.
Despite the strong support for NVIDIA among members of Congress, Microsoft remains the most popular AI stock among this group. While more Congress members purchased NVIDIA shares, Microsoft's total investment value was significantly higher, indicating a greater level of confidence in the company.
Among the notable investors in NVIDIA are Nancy Pelosi, Pete Sessions, Kathy Manning, and Markwayne Mullin. Pelosi made a substantial purchase of over $1 million in late November, contributing to the stock's subsequent rally.
Microsoft's list of Congressional investors is equally impressive, including Pelosi, Josh Gottheimer, Michael Guest, and Mullin. Gottheimer emerged as the largest buyer, acquiring several million dollars worth of shares.
Analysts are also optimistic about Microsoft's prospects, with the consensus price target indicating fair value at current levels but potential for significant growth in the future. The company's strong position in AI and its partnerships with key players like NVIDIA are seen as driving factors behind this bullish sentiment.
Technically, Microsoft's stock has broken out of a trading range, signaling a continuation of long-term trends that could lead to further gains. Analysts have set a target price of $490, with potential for even higher upside.