Season 4: Gus and Nacho at war?
While we know that Gus admires and respects intelligent people, we also know that he hates those who can't be trusted.
I have a strong feeling that Nacho and Gus will clash in Season 4. Gus knows that Nacho helped bring down Hector--and in such a clever way, no less.
We all know that Gus wants to draw out a punishment for Hector and torture him slowly. Someone like Nacho is too intelligent and too disloyal to be an ally for Gus. That, of course, makes him an OBSTACLE for Gus and one of which he'll aim to eliminate.
If anything, I'd compare Nacho to Walt in this case: two intelligent people who are smart enough to bring Gus's plans down.
What's interesting, though, is how this will play over with Mike. Mike and Nacho, while not friends, seem to share a mutual respect/understanding toward each other. His loyalty to Gus will certainly be put to the test and Mike may have to strike back against Nacho. It will be interesting to see this.
I've always viewed Nacho as a sort of Jesse-like figure in the eyes of Mike: someone not cut out for this criminal world.
Will Mike show his undying loyalty to Gus and battle Nacho or will he find a way to spare him?
We know that, at the very least, Nacho is still alive during Season 2 of Breaking Bad and in league with someone named "Lalo". What happens from there is anyone's guess.