The Trump administration has no plans to pursue a stake in Nvidia, but does intend to invest in industrial companies, Treasury Secretary Scott Bessent said Wednesday.

Why it matters: The White House has made clear this week it intends to take positions in companies across the economy, as it did with Intel. • But those plans have also created uncertainty for investors about who would be targeted and how much existing shareholders would be diluted.

What they're saying: "I don't think Nvidia needs financial support. That seems not on the table right now — but could there be other industries where we're reshaping, something like shipbuilding, that, sure, there could be things like that," Bessent said in a Fox Business interview. • "These are critical industries that we have to, we have t

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