Billionaires Were Buying These Two Nancy Pelosi AI Stocks

Billionaire investors have been purchasing shares in Nancy Pelosi's spouse owned Intel Corporation (INTC) and Bloom Energy Corporation (BE) stocks. Intel's stock saw a significant increase in interest from wealthy investors, with 40 billionaire-led funds ending the second quarter holding the chipmaker's stock. This surge in investment is largely due to the AI boom, as companies such as Oracle, CoreWeave, and Nebius are heavily investing in data centers and the power required to run them.

Bloom Energy, a company that produces solid oxide fuel cells to generate electricity on-site for data centers, has also seen a significant rise in interest from billionaires, including Israel Englander, Steve Cohen, and Alan Howard. The political climate and pushback against data centers provide a tailwind for Bloom, as households are not burdened with higher bills for grid upgrades and the local community does not face additional emissions.

However, Bloom Energy's stock is highly exposed to the AI capex boom, and any slowdown in the overall market could negatively impact the company.