Republican busted trading AI stocks while pushing for data centers in his own district
Source: raw story
Matthew Chapman January 12, 2026 4:07PM ET
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According to Politico, Rep. Rob Bresnahan (R-PA) "bought between $1,001 and $15,000 of stock in Credo Technology, a company that provides electric cables and chips for data centers, according to a House report he filed in July. Bresnahan spokesperson Hannah Pope said the purchase totaled $1,454. Since then, the share price of Credo stock has risen about 109 percent — joining the set of AI companies ballooning in value."
Around the same time, Bresnahan was publicly urging companies to construct new AI data centers in his district, which encompasses the Scranton and Wilkes-Barre areas.
“I am pleased to hear that companies are looking to Northeastern Pennsylvania for their data centers, which can serve as catalysts for economic growth and technological innovation for our region,” Bresnahan said to the Wilkes-Barre Times-Leader just a couple of months before.
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Bresnahan, who unseated a longtime Democratic incumbent in 2024, has become infamous as one of the most prolific and frequent stock traders in Congress, making hundreds of trades last year. Some of his other trades have similarly raised alarm bells; for instance, he dumped up to $130,000 in stock with Medicaid providers just before voting for President Donald Trump's One Big Beautiful Bill Act, a massive package of tax cuts that also cuts $1 trillion from Medicaid...........................
Read more: https://www.rawstory.com/rob-bresnahan-2674876402/
Republican busted trading AI stocks while pushing for data centers in his own district
— (@oceancalm.bsky.social) 2026-01-13T00:27:57.124Z
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