Republican Congress Members and Insiders are Buying These 5 Stocks

2. Intel Corp (NASDAQ:INTC)

Unusual Whales Republican ETF (KRUZ) Stake: $279,037.80

Intel Corp (NASDAQ:INTC) is one of the stocks both Republicans and Democrats like since the stock is an important member of Unusual Whales Subversive Republican Trading ETF (KRUZ) as well as Unusual Whales Subversive Democratic Trading ETF (NANC). Intel Corp (NASDAQ:INTC) is seeing heavy insider buying activity from its CEO Patrick P. Gelsinger this year since he bought 3,000 shares of Intel Corp (NASDAQ:INTC) on January 29 at $43.36 per share. Since then the stock is down 23%.

Ariel Global Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its fourth quarter 2023 investor letter:

“New holding, Intel Corporation (NASDAQ:INTC), one of the world’s largest semiconductor chip manufacturers by revenue, outperformed in the quarter. Intel is benefitting from the near-term rebound in semiconductor demand driven by the cyclical recovery of personal computers (PCs) and central processing units (CPUs). Shares also traded higher following the company’s Artificial Intelligence (AI) Everywhere launch event. Intel introduced its capabilities across cloud, edge and client hardware and showcased it can benefit from an enterprise upgrade cycle as both cloud-based and traditional enterprises look to incorporate AI features into core technology platforms. In our view, the market is also overlooking the progress Intel has made towards regaining its manufacturing technology advantage and believe the foundry business will continue to experience strong momentum as it grows its customer base and revenue.”