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

On June 3, McCaul, through his children, sold between $15,000 and $15,000 of META. However, on June 28, the Congressman seemingly had a change of heart and purchased between $15,000 and $50,000 of META, again through his children.

McCaul’s trades via his children didn’t stop there. He picked up between $100,000 and $250,000 of AAPL on June 10. Then, 10 days later, he acquired between $100,000 and $250,000 of AAPL again.
As for AMD, the Congressman, through his spouse, acquired between $15,000 and $50,000 of the semiconductor company on June 21.
McCaul is an advocate for AI development. Last July, he helped introduce the Creating Resources for Every American To Experiment with Artificial Intelligence Act of 2023 (CREATE AI Act). The bill encourages AI development by providing resources to researchers and students, as well as support for the testing and benchmarking of U.S. AI models.
It would also lead to the establishment of the National Artificial Intelligence Research Resource (NAIRR), which seeks to provide researchers, educators and students with computational resources, AI data and educational AI resources.