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Claire Yubin Oh3/12/25

INTC stock is rising after TSMC pitched an Intel foundry joint venture to Nvidia, AMD, and Broadcom

Taiwanese chipmaking giant TSMC is in discussions with Nvidia, AMD, Broadcom, and Qualcomm about taking a stake in a joint venture to operate Intel’s foundry division, its loss-making business that manufactures chips for other companies.

Under the proposal, TSMC would oversee the day-to-day operations of Intel’s custom chipmaking facilities while owning no more than a 50% stake in the business, Reuters reported on Wednesday.

The news has sent Intel up 8% in premarket trading, with the stock currently topping the S&P 500 for the day.

The initiative comes after President Donald Trump’s administration requested TSMC to help turn around Intel as part of a broader effort to restore advanced manufacturing in the US, but did not want Intel or its foundry division to be entirely foreign-owned. The American industrial icon has been struggling in recent years, reporting its first annual loss since 1986 last year and seeing its shares decline by ~70% in the past five years as the company fell behind competitors.

Exclusive: TSMC pitched Intel foundry JV to Nvidia, AMD and Broadcom, sources say

Exclusive: TSMC pitched Intel foundry JV to Nvidia, AMD and Broadcom, sources say

Under the proposal, TSMC would oversee the day-to-day operations of Intel’s custom chipmaking facilities while owning no more than a 50% stake in the business, Reuters reported on Wednesday.

The news has sent Intel up 8% in premarket trading, with the stock currently topping the S&P 500 for the day.

The initiative comes after President Donald Trump’s administration requested TSMC to help turn around Intel as part of a broader effort to restore advanced manufacturing in the US, but did not want Intel or its foundry division to be entirely foreign-owned. The American industrial icon has been struggling in recent years, reporting its first annual loss since 1986 last year and seeing its shares decline by ~70% in the past five years as the company fell behind competitors.

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Rare earth stocks rise as White House statement confirms the US is looking at options for acquiring Greenland, including using the military

Companies like MP Materials, Critical Metals, USA Rare Earth, and United States Antimony Corp. have caught a bid in early trading on Wednesday, after a White House statement yesterday confirmed that the president and his team are discussing “a range of options” in their controversial goal to acquire Greenland.

Trump has touted the idea of acquiring the rare earth-rich, semi-autonomous Danish region since his first term, with the White House telling the BBC on Tuesday that the acquisition was a “national security priority.” White House Press Secretary Karoline Leavitt added:

The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the US military is always an option at the Commander-in-Chief's disposal.

Earlier on Tuesday, a group of European leaders and NATO members, including the heads of Germany, France, and the UK, issued a joint statement saying that security in the Arctic must be achieved “collectively,” and that “it is for Denmark and Greenland, and them only, to decide on matters concerning Denmark and Greenland.” The latest US announcement also came after Secretary of State Marco Rubio had downplayed potential military action on Monday.

Critical Metals is leading the price action, up more than 10% on Tuesday’s close as of 6 a.m. ET, building on a sharp ~26% gain yesterday as perhaps the most directly exposed stock, with its Tanbreez project located in southern Greenland. The company, which the Trump administration has reportedly expressed interest building a stake in, states that the Tanbreez assets include a “diverse portfolio of high-demand rare earth elements.”

US discussing options to acquire Greenland, including use of military - White House

US discussing options to acquire Greenland, including use of military - White House

Trump has touted the idea of acquiring the rare earth-rich, semi-autonomous Danish region since his first term, with the White House telling the BBC on Tuesday that the acquisition was a “national security priority.” White House Press Secretary Karoline Leavitt added:

The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the US military is always an option at the Commander-in-Chief's disposal.

Earlier on Tuesday, a group of European leaders and NATO members, including the heads of Germany, France, and the UK, issued a joint statement saying that security in the Arctic must be achieved “collectively,” and that “it is for Denmark and Greenland, and them only, to decide on matters concerning Denmark and Greenland.” The latest US announcement also came after Secretary of State Marco Rubio had downplayed potential military action on Monday.

Critical Metals is leading the price action, up more than 10% on Tuesday’s close as of 6 a.m. ET, building on a sharp ~26% gain yesterday as perhaps the most directly exposed stock, with its Tanbreez project located in southern Greenland. The company, which the Trump administration has reportedly expressed interest building a stake in, states that the Tanbreez assets include a “diverse portfolio of high-demand rare earth elements.”

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Strategy jumps as MSCI allows digital asset treasury companies to stay in global indexes

In a massive reprieve for Strategy, index provider MSCI is letting digital asset companies stay in its benchmarks, sending shares sharply higher in after-hours trading.

The index provider had floated a proposal in which firms where crypto holdings are more than 50% of assets would be excluded from its global indexes, but has decided not to proceed with this for now.

“MSCI has determined at this time not to implement the proposal to exclude digital asset treasury companies (‘DATCOs’) from the MSCI Global Investable Market Indexes (‘MSCI Indexes’) as part of the February 2026 Index Review,” per a statement.

Getting kicked out of key indexes would have caused funds to flow out of Strategy, the largest digital asset treasury company, and its peers.

“At this time,” of course, means the door is open to reconsidering this down the road, as MSCI plans on having a broader review and consultation on the treatment of DAT companies.

“Distinguishing between investment companies and other companies that hold non-operating assets, such as digital assets, as part of their core operations rather than for investment purposes requires further research and consultation with market participants,” according to MSCI.

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Matt Phillips15h

Rocket Lab surges to second straight record-high close

Retail favorite Rocket Lab closed at a new all-time high on Tuesday, continuing a remarkable run over the last month that has carried the launch services provider and aspiring Space X competitor up more than 70% over the last month (compared to its close of $49.06 on December 5).

Rocket Lab saw elevated options activity during its run-up today, with well over 3.5x the 90-day average in options volume changing hands over the course of the day.

Other space plays such as AST SpaceMobile and EchoStar surged today.

Despite being a money-losing company — it’s never turned an annual profit as a public company — Rocket Lab’s share price has soared nearly 1,500% over the last two years, generating tons of loyalty and enthusiasm among retail investors.

In fact, Goldman Sachs has made Rocket Lab the heaviest weighting in the latest iteration of its GS Memes basket of thematic stocks, just ahead of AST SpaceMobile, showing how enamored traders have become of such space stocks.

CHICAGO, IL - MARCH 05: Benny, the mascot for the Chicago Bulls entertains during a break between the Bulls and the Boston Celtics at the United Center on March 5, 2018 in Chicago, Illinois.

The S&P 500 closes at a record high

The Nasdaq 100 and Russell 2000 outperformed, rising 0.9% and 1.4%, respectively.

Tasha Matsumoto15h

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Max Knoblauch18h

JetBlue takes off on bullish options activity

Low-cost airline JetBlue is up more than 8% on Tuesday, on pace for its biggest daily gain since August. If the price momentum holds, Tuesday will mark JetBlue’s sixth-best trading day of the past 52 weeks.

The carrier is being propelled by bullish options activity, with more than 53,000 call options changing hands as of 12:14 p.m. ET, nearly 4x the 20-day average for a full session.

JetBlue closed up 4.6% on Monday, as traders appeared to price in medium-term oil supply relief due to the possibility of Venezuela’s reserves getting more developed amid tensions with the US.

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