MicroStrategy, the business intelligence powerhouse co-founded by Michael Saylor, has achieved a staggering 1,113% gain since August 2020, surpassing even Nvidia’s impressive 1,059% increase. Saylor recently highlighted this remarkable performance on social media, showcasing MicroStrategy’s exceptional growth in comparison to other tech giants.
Despite Nvidia’s notable success, particularly fueled by the artificial intelligence boom and its chips’ role in powering popular AI tools like ChatGPT, it only ranks second in this performance metric. Nvidia, which overtook Microsoft as the world’s most valuable company in June, has benefited greatly from the surge in AI demand.
In third place is Arista Networks, a computer networking company based in Santa Clara, with a 539% gain. Arista’s growth has been bolstered by its partnership with Nvidia and increasing interest in AI hardware.
Other notable performers include Eli Lilly with a 523% increase, Quanta Services at 467%, Howmet Aerospace with 442%, Broadcom at 408%, and Marathon Petroleum with a 372% rise.
Cantor Fitzgerald recently set a bullish $194 price target for MicroStrategy stock, reflecting the company’s robust performance. MicroStrategy’s stock functions similarly to a leveraged Bitcoin investment, differentiating it from Bitcoin ETFs.
In addition, the SEC recently approved a fund that leverages MicroStrategy, and earlier this year, the company’s stock was added to the MSCI World Index for large and medium-sized firms. However, MicroStrategy has yet to be included in the prestigious S&P 500 Index.
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