Trump’s AI stake plan puts Nvidia, Oracle and Microsoft on watch

On June 5, President Trump told reporters the administration is exploring a plan for AI companies to give the American public direct ownership stakes. The White House plans meetings with AI executives this week.

A government equity position could increase demand for AI products and services while also introducing potential shareholder effects such as dilution, pricing limits or regulatory conditions.

Officials say the administration has taken equity positions in technology and resource companies before and that talks are underway with executives at OpenAI, Anthropic and xAI.

Nvidia supplies GPUs used in AI data centers and accounted for about 86% of AI data center GPU revenue as of late 2025. Market indicators show institutional outflows and rising hedging after the announcement. The Chaikin Money Flow fell to about -0.16. The put-call open interest ratio is near 0.84, up from below 0.80 in May. Nvidia shares trade near $208. Technical levels cited by market participants place resistance at $221 and $232 and support near $204 and $194.

Oracle provides cloud capacity and services for federal AI projects and is directly involved in government infrastructure efforts. Its Chaikin Money Flow has been positive since late April, peaking near 0.39. Options volume shifted after the president’s remarks: the put-call volume ratio fell to about 0.39 from 0.76 on June 2, while open interest still shows notable put positions around 0.95. Oracle trades near $214 ahead of its fiscal fourth-quarter report on June 10. Analysts have set upside scenarios above $250 and downside risk below $178.

Microsoft is the largest commercial backer of OpenAI, making it a direct conduit for any government stake that targets the ChatGPT maker. Its Chaikin Money Flow reads about 0.03. The volume put-call ratio is around 0.67 and open interest about 0.47. Microsoft trades near $415. Market participants note that a recovery above $427 would open gains toward the $446–$459 area, while a drop below $397 would expose support near $356.

Traders and funds are treating the proposal differently by company: data show profit-taking in Nvidia, net inflows into Oracle and modest flows into Microsoft.

Officials’ meetings with AI executives this week and any formal proposal from the administration will define terms that markets can price.