Trump Administration Rules Out Nvidia Stake, Focuses on Self-Sufficiency

The Trump administration has stated its firm opposition to acquiring any stake in Nvidia. Treasury Secretary Scott Bessent clarified this stance during an appearance on Fox Business, emphasizing that the US government does not intend to invest in the chipmaker. This follows a recent $11 billion equity deal with Intel, which raised questions about the administration’s future plans for investing in other companies within the tech industry.