United States Representative Josh Gottheimer, a Democrat from New Jersey, just disclosed a wave of fresh stock purchases, and among them, four are direct bets on the Artificial Intelligence (AI) chip industry.
The congressmen purchased Advanced Micro Devices, Inc. (NASDAQ: AMD), Micron Technology, Inc. (NASDAQ: MU), Analog Devices, Inc. (NASDAQ: ADI), and Fabrinet (NYSE: FN), according to a filing with the Clerk of the U.S. House of Representatives on June 3, 2026, and analyzed by Finbold on June 4. The purchases were executed between May 1 and May 21, 2026, in accordance with the Stock Act.
Each of Gottheimer’s four AI chip purchases fell within the same bracket of between $1,001 and $15,000. Gottheimer’s AI chip buys are notable given his seat on the House Financial Services subcommittee overseeing artificial intelligence.
All four companies are core suppliers to the AI boom. Notably, Micro Devices builds the processors that train AI models, and Micron makes the high-bandwidth memory those chips rely on. Meanwhile, Analog Devices supplies the power and signal chips that keep data centers running, while Fabrinet manufactures the optical components that link AI servers.
Market performance of these 4 AI chip stocks
Since Gottheimer purchased Micron Technology earlier last month, MU stock has surged over 59%, trading at $1,023.44 at press time. As such, the company had a market capitalization of around $1.2 trillion on Thursday.
Over the past 30 days, Advanced Micro Devices stock has surged by more than 48%, trading at approximately $525.86 at the time of publication. As a result, the company’s market cap climbed to hover above $884.6 billion.
During the same period, ADI stock has gained 6.13%, trading at $429 at press time. Consequently, Analog Devices had a market valuation of about $213.2 billion.
Meanwhile, FN stock has added 9.5% over the past 30 days, trading at $723.04 at the time of reporting. The company’s market cap hovered around $26 billion.
Gottheimer could be betting on continued global demand for AI, with these four stocks well positioned to gain traction in the near term.
