The Biden administration’s reckless CHIPS Act is finally coming back to bite the tech giants who thought they could get rich off taxpayer money. Nvidia, Intel, and Palantir all crashed hard on Wednesday as news broke that the Trump White House might demand equity stakes in companies taking federal grants. These Silicon Valley elites are learning that there’s no such thing as free government money.
Intel got hit the hardest, dropping a massive seven percent in just one day after briefly jumping on news of a SoftBank investment. The company had been riding high on hopes of government handouts, but reality set in fast. When you build your business plan around begging Washington for cash, you’re bound to get burned.
President Trump is showing these corporate welfare queens that America First means taxpayers come first. If these tech companies want billions in government grants, they should give American citizens a piece of the action. It’s about time someone in Washington stood up to Big Tech’s endless greed.
The CHIPS Act was always a disaster waiting to happen under Biden’s watch. Democrats love throwing taxpayer money at their Silicon Valley friends with no strings attached. Now Trump is fixing Biden’s mess by making sure Americans get something back for their investment.
These tech stocks are crashing because investors finally realize government dependency is not a business model. Companies that built their future on political connections instead of real innovation are getting exposed. The market is sending a clear message about corporate welfare.
Intel’s wild swings show just how unstable these government-dependent companies really are. One day they’re up on investment news, the next they’re crashing on policy changes. Real American businesses don’t need to worry about every tweet from Washington.
Palantir and Nvidia joining the selloff proves this isn’t just about chips. The entire tech sector got drunk on easy government money during the Biden years. Now they’re sobering up under Trump’s business-first approach.
American taxpayers deserve better than funding Silicon Valley’s next yacht purchase. If these companies want public money, they should give the public a fair return. Trump is making deals that actually benefit hardworking Americans for once.
