U.S. politcian makes super suspicious $580k tech stocks bet

United States Rep. Cleo Fields, from Louisiana’s 6th District, has disclosed a series of stock purchases in companies deeply entrenched in the technology space. The January 2026 trades are valued at up to $580,000.

According to filings reported on February 3, the disclosures indicate that on January 8, Fields purchased between $1,001 and $15,000 worth of shares in Taiwan Semiconductor Manufacturing Company (NYSE: TSM).

Four days later, on January 12, he acquired between $1,001 and $15,000 in Alphabet (NASDAQ: GOOGL) Class C capital stock. Notably, the largest cluster of trades occurred on January 20, when he bought between $100,001 and $250,000 in additional Alphabet shares.

He also purchased between $50,001 and $100,000 in Meta Platforms (NASDAQ: META). In the same batch, the politician acquired between $50,001 and $100,000 in Netflix (NASDAQ: NFLX). 

Finally, he invested between $50,001 and $100,000 in IREN Energy (NASDAQ: IREN) ordinary shares, a company that has shifted from Bitcoin (BTC) mining toward building data centers optimized for artificial intelligence workloads and high-performance computing.

These investments follow a consistent pattern in Fields’ portfolio, which has increasingly concentrated on companies positioned to benefit from the rapid expansion of artificial intelligence technologies.

Controversy around Fields stock trades

Notably, Fields serves on the House Financial Services Committee and its Capital Markets and Oversight subcommittees, which oversee legislation and investigations tied to financial markets, securities regulation, and emerging technologies, including AI.

Therefore, this overlap has renewed attention from critics, who argue his personal investments create at least the appearance of a conflict given the committee’s jurisdiction.

Scrutiny has persisted following his January 2026 trades and earlier activity. In September 2025, Fields purchased between $80,000 and $200,000 of Oracle (NYSE: ORCL) stock shortly before announcements highlighting the company’s role in a proposed U.S.-based TikTok restructuring, prompting questions about compliance with the STOCK Act. 

Similar concerns later arose over sizable Nvidia and Netflix purchases, as well as investments in major technology firms and crypto-mining companies pivoting to AI infrastructure.

To date, one of his notable Congress trade emerged from his multiple purchases of IREN Limited shares, a Bitcoin miner turned AI and data-center firm whose stock has surged about 270% since his initial buys. 

While no wrongdoing has been alleged, Fields has said his trades are based solely on public information.

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