Trump's government stakes in Intel and Nvidia draw a socialism warning
A push against the government taking ownership stakes in big companies, framed as bad policy that could backfire on Republicans no matter how much money it makes now.
- The US government now holds a 9.9% stake in Intel, took a 15% cut on Nvidia's chip sales to China, and has a "golden share" in the US Steel–Nippon Steel merger.
- Trump then bought into Nvidia, which jumped 200%, so the government effectively made money and put a floor under the stock.
- Even Trump-friendly voices call this a mistake — it's basically nationalizing, and Bernie Sanders wants to do the same with AI companies.
- The danger is the precedent: give a capitalist president this power and a future socialist administration will stretch it much further, from small stakes toward seizing whole companies.
Outlook: Expect the left to use Trump's own moves as cover to justify deeper government control of private business.