Analyst on US Government's Stake in Intel (INTC): Trump is 'Going to Come Back and Ask For More'

We recently published 10 Buzzing AI Stocks to Watch in September. Intel (NASDAQ:INTC) is one of the stocks to watch in September.

Steve Levy, Wired editor-at-large, said in an interview on CNBC a couple of weeks ago that he believes the US government’s stake in Intel would make CEOs of major companies believe that the government could target their companies next. He was commenting on the US government’s decision to buy a 10% stake in Intel.

“They have gone all in some not very happily with Trump. But Trump isn’t satisfied with the deal he makes in Mara Lago or the White House on a given day. He’s going to come back and ask for more,” Levy said. “We’ve already seen that he’s very eager to run the businesses, you know, the the biggest businesses of America. He thinks he knows more than they do. So you look at the Intel bill and he’s bragging we got it for nothing. And you could argue that’s true because as you said up top this was money that Congress already granted the president the previous president signed off. They were going to get anyway. They have a contract to do this classified work. They’re going to do that work anyway. But now essentially for free I guess you know I wonder if the shareholders might have something to say about that. But what happens now when the government’s the biggest shareholder in Intel? AMD can’t be happy about that. So maybe you know Trump will say well you give me 10% too.”

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Disclosure: None. This article is originally published at Insider Monkey.