Tech Voices: Bessent on Nvidia stake, GlobalFoundries, Saudi AI push

[Moscow, Russia - April 7, 2019: NVIDIA microchip on the motherboard]
Antonio Bordunovi

_Seeking Alpha's roundup of statements, announcements and remarks that could impact the technology sector._

* Treasury Secretary Scott Bessent said the U.S. government is not currently considering buying a stake in Nvidia (NASDAQ:NVDA [https://seekingalpha.com/symbol/NVDA]).

"I don't think Nvidia (NASDAQ:NVDA [https://seekingalpha.com/symbol/NVDA]) needs financial support. So, you know, that seems, not on the table right now, but could there be other industries, where you know, that we're reshaping, something like shipbuilding," Bessent told Fox Business [https://www.foxbusiness.com/politics/bessent-says-trump-exploring-stakes-other-industries-after-intel-deal-rules-out-nvidia] on Wednesday. "And these are critical industries that we have to, we have to be self-sufficient in the United States."

Last week, the Trump administration announced that the government plans to invest $11.1 billion in Intel [https://seekingalpha.com/news/4488523-intel-confirms-massive-11_1b-investment-by-us-government] (INTC [https://seekingalpha.com/symbol/INTC]), which would make it the company's largest investor with an estimated 9.9% stake.

* Meanwhile, GlobalFoundries (NASDAQ:GFS [https://seekingalpha.com/symbol/GFS]) CFO John Hollister said the company's funding under the CHIPS Act is still intact and doesn't involve the U.S. government taking an equity stake.

Hollister told listeners at an investor conference on Wednesday that funding under the act will be received in accordance with milestone completion, according to Reuters. [https://www.reuters.com/business/chipmaker-globalfoundries-says-chips-act-framework-does-not-involve-equity-2025-08-27/]

* Humain, a data center provider backed by Saudi Arabia's sovereign wealth fund, is aiming to become a powerhouse in the AI market.

“Our ambition is very clear. We want to be the third-largest AI provider in the world, behind the United States and China,” Humain CEO Tareq Amin told CNBC in an interview. [https://www.cnbc.com/2025/08/27/saudi-arabia-wants-to-be-worlds-third-largest-ai-provider-humain.html]

MORE ON NVIDIA, GLOBALFOUNDRIES, ETC.

* Intel: Don't Buy The Trump Call [https://seekingalpha.com/article/4817211-intel-dont-buy-trump-call]
* Intel: New Investment Stimuli Amid Restructuring Risks, Hold [https://seekingalpha.com/article/4816903-intel-new-investment-stimuli-amid-restructuring-risks-hold]
* Intel Stock: Why The Trump Call Won't Fail [https://seekingalpha.com/article/4816851-intel-stock-why-trump-call-wont-fail]
* Nvidia stock has seen an average earnings reaction move of 8.5% since late 2022's AI boom [https://seekingalpha.com/news/4489634-nvidia-stock-has-seen-an-average-earnings-reaction-move-of-8_5-percent-since-late-2022s-ai]
* Option traders expect $260 billion move in Nvidia’s market value post earnings – report [https://seekingalpha.com/news/4489611-option-traders-expect-260-billion-move-in-nvidia-s-market-value-post-earnings-report]