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Why Nano Labs Stock Is Gaining On Wednesday
Nano Labs Ltd (NASDAQ:NA) saw a surge in its stock price on Wednesday after announcing a significant equity investment move. CEA Industries Inc. (NASDAQ:VAPE), a firm pursuing aggressive crypto reserve strategies centered on Binance Coin (CRYPTO: BNB/USD), has secured a key investment from Nano Labs as part of its broader private funding initiative. Nano Labs has agreed to purchase 495,050 shares of Class A common stock in CEA Industries at $10.10 per to Benzinga Pro, NA stock has gained over 79% in the past year. In addition, the agreement grants Nano Labs an equal number of warrants with an exercise price of $15.15 per share. If fully exercised, the investment could give Nano Labs ownership of up to 990,100 shares. This capital infusion is part of CEA's larger $500 million PIPE (Private Investment in Public Equity) campaign. The majority of the proceeds from this tranche are expected to support the acquisition of BNB tokens. Remaining funds will be directed toward operational expenses, transactional costs, and corporate needs. Nano Labs continues to reinforce its cryptocurrency asset base, aiming to diversify across prominent blockchain ecosystems. The firm's latest investment is described as a strategic milestone in its long-term initiative to optimize its crypto holdings. As of this update, Nano Labs reportedly holds approximately 128,000 BNB tokens in its reserves. The transaction remains subject to standard closing requirements. The company emphasized that there is no absolute assurance the deal will be finalized. Price Action: NA shares are trading higher by 3.95% to $7.100 premarket at last check Wednesday, while VAPE shares are trading lower by 8.49% to $37.50. Read Next:Photo by DIAMOND VISUALS via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Why Nano Labs Stock Is Gaining On Wednesday originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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Verisk to buy AccuLynx for $2.4 billion
(Reuters) -Verisk agreed to acquire cloud-based software platform AccuLynx for $2.35 billion in cash, it said on Wednesday, as the data analytics and technology company aims to strengthen its tools for property claims. The move comes amid increasing digitization across insurance-related industries, with companies seeking to reduce manual processes and accelerate turnaround times on claims. The acquisition is expected to add to Verisk's revenue growth and adjusted EBITDA margin, and also to adjusted EPS by year-end 2026. The deal, expected to close by the end of the third quarter, will be funded through a combination of cash on hand and committed debt financing, Verisk said.
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Taiwan Semiconductor (TSM) Surges Nearly 40%—Should You Buy Now?
Parnassus Investments, an investment management firm that focuses on owning a concentrated portfolio of U.S. large cap stocks, released its Parnassus Value Equity Fund second-quarter 2025 investor letter. The full letter is available for download here. For the second quarter of 2025, the fund reported a net return of 7.24%, outperforming its benchmark, the Russell 1000 Value Index, which returned 3.79% for the same period. The fund's top 5 holdings are also listed in the letter, showing the firm's main investment positions heading into 2025. One of the companies mentioned in the letter is Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. Over the past month, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rose by 3.31%, and it gained 45.55% over the last 12 months. On July 29, 2025, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares closed at $241.33, with a market capitalization of $1.252 trillion. Here is what they have to say about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in their investor letter: "Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is benefiting from growing demand for AI chips and its position as the only viable leading-edge foundry." A close-up of a complex network of integrated circuits used in logic semiconductors. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks 9th in our list of the 30 most popular stocks among hedge funds. According to our data, 187 hedge fund portfolios held positions in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at the end of the first quarter of 2025, up from 186 in the previous quarter. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported net revenue of NT$933.80 billion for the June quarter, up 38.65% year over year and ahead of analyst expectations. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks 9th in our list of the 30 most popular stocks among hedge funds. According to our data, 187 hedge fund portfolios held positions in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at the end of the first quarter of 2025, up from 186 in the previous quarter. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported net revenue of NT$933.80 billion for the June quarter, up 38.65% year over year and ahead of analyst expectations. While we acknowledge the risk and potential of TSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSM and that has 10,000% upside potential, check out our report about this cheapest AI stock. In another article, we covered Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and shared Jim Cramer's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
