MicroStrategy Makes Huge Gains

MicroStrategy co-founder Michael Sailor recently took to social media to compare his company’s performance to some other notable companies since August 2020.

As expected, MicroStrategy topped the list with a whopping 1,113% gain.

By comparison, Nvidia came in second with a 1,059% gain, despite benefiting greatly from the AI ​​boom.

Nvidia overtook Microsoft in June to become the world’s most valuable company, and many AI tools, including ChatGPT, rely on it.

Arista Networks, a Santa Clara-based computer networking company, came in third with a 539% growth, thanks to the growing interest in the AI ​​hardware market.

The company announced a partnership with Nvidia earlier this year, which has boosted its performance.

Cantor Fitzgerald, a US financial services giant, recently revealed an optimistic price target for MicroStrategy stock of $194.

The company’s stock is a leveraged investment in Bitcoin, unlike Bitcoin ETFs.

Earlier this month, the Securities and Exchange Commission approved a new fund linked to MicroStrategy.

In addition, MicroStrategy (MSTR) stock became part of the MSCI World Large and Mid-Cap Index this year.

However, the company has yet to be included in the S&P 500 index, which is considered a prestigious target for many companies.