Congressman Trades Apple for Nvidia Ahead of New CEO
Congressman John McGuire (R-Va.) recently made some notable stock trades, swapping Apple for Nvidia according to disclosure records. This move comes two weeks before Apple's CEO change, with new CEO John Ternus set to take over on September 1.
The congressman's trade of Apple for Nvidia is particularly interesting as it falls under the category of 'Magnificent Seven' stocks, which includes Apple and Nvidia among others. McGuire previously bought $1,000 to $15,000 in Apple stock on April 15, with the price trading between $257.81 and $266.56 that day.
The sale of Apple stock appears to have been a profitable move for McGuire, as he made between 14.7% and 20.8% in just over four months. The purchase of Nvidia stock adds to his existing position and could indicate his preference for this particular 'Magnificent Seven' stock.
McGuire has been active in the technology sector with recent trades, including buying Nvidia stock on August 18, Meta and Microsoft stock all this year. With only 22 trades worth $176,000 since 2025, McGuire's trading history ranks among the lower end of members of Congress who buy and sell stocks.