Intel Corp. shares continued to gain 2% in overnight trading on a report that the company tentatively agreed to a Taiwan Semiconductor Manufacturing Co. joint venture, a sign the beleaguered US chipmaker is moving ahead with a plan that’s been highly anticipated by investors.

Executives from both companies reached a preliminary agreement to form a joint venture that would run Intel’s manufacturing plants, the Information reported. Intel and other American chipmakers will hold the majority of stock in the initiative, which would include at least some of the US company’s factories, said the news site, which cited unnamed people familiar with the situation.

Bloomberg News reported in February that the companies were discussing the idea at the request of the Trump administration. The scenario is meant to help address Intel’s deteriorating financial state, which has forced the company to cut thousands of jobs and curb its expansion plans.

GameStop shares climbed 3% in overnight trading after CEO Ryan Cohen disclosed the purchase of 500,000 additional shares of the company, signaling a strong vote of confidence in the video game retailer's future.

Cohen's acquisition of half a million shares, valued at $10.8 million, was reported in an amended 13D filing with the Securities and Exchange Commission (SEC). The transaction, executed at an average price of $21.55 per share on April 3, 2025, increased Cohen's ownership to 37,347,842 shares.

This move comes on the heels of GameStop's recent announcement last week, which caught the market's attention when the board unanimously approved an update to its investment policy, incorporating Bitcoin as a treasury reserve asset. The company has also completed an offering of Convertible Senior Notes, raising $1.48 billion, with the proceeds earmarked for Bitcoin purchases.