U.S. tech shares climbed after President Trump said his administration is examining ways for the public to gain an ownership stake in leading AI firms, potentially making Washington a partner to the sector. Nvidia and several chipmakers advanced in premarket trading, though Alphabet slipped. The White House plans to meet next week with executives from OpenAI, Anthropic and xAI to discuss the idea, which follows reports of preliminary talks about the government buying shares in AI companies. The administration has already taken positions in Intel and other strategic-tech players, while progressive proposals for a one-time tax on AI labs to seed a sovereign wealth fund have intensified debate over how to share AI-driven gains. The comments arrive as the White House struggles to chart a durable regulatory path, revising an AI executive order to emphasize voluntary model testing while seeking to preserve U.S. competitiveness with China. Any move toward government equity stakes would mark a notable expansion of federal involvement in the tech economy and could reshape the sector’s financing and oversight.
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– AI Risk Management Framework (AI RMF 1.0)
– OECD AI Principles
