20 Best Stocks to Buy According to Marjorie Taylor Greene

12. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 79 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. A securities filing dated April 11 reveals that Taylor Greene purchased QUALCOMM Incorporated (NASDAQ:QCOM) stock worth between $1,000-$15,000 on April 8. This trade was disclosed a day after it was made. The stock has been on a downward slide amid sweeping tariffs and export control curbs targeting semiconductor export to China. However, reports indicate that the retaliatory China tariffs include an exemption for companies like QCOM that outsource their manufacturing to firms like Taiwan Semiconductor. The Chinese classify these chips as originating from Taiwan instead of the US. The US government has recently announced a probe that could further increase tariffs on semi firms. The 90-day pause on tariffs is likely to be a temporary reprieve for chip stocks that are one of the most important bones of contention in the US-China trade war.