Michael Saylor, a co-founder of MicroStrategy, has used social media to contrast his company’s success with that of a few other well-known brands since August 2020.
It should come as no surprise that the business intelligence company placed first, with gains of an astounding 1,113%.
In contrast, Nvidia only ranks second at 1,059% even though it has benefited immensely from the artificial intelligence mania. It succeeded in surpassing Microsoft in June, becoming it the world’s most valuable corporation. The company’s chips are the source of several popular AI products, such as ChatGPT.
Arista Networks, a computer networking business based in Santa Clara, ranks somewhat third with 539%. The growing interest in the AI hardware sector has helped the firm. It had announced a relationship with Nvidia earlier this year.
Other top performances are Broadcom (408%), Howmet Aerospace (442%), Eli Lilly (523%), Quanta Services (467%), and Marathon Petroleum (372%).
The massive American financial services company Cantor Fitzgerald has revealed an optimistic $194 price objective for the MicroStrategy shares, as reported by U.Today.
The company’s stock behaves like a leveraged Bitcoin investment, in contrast to Bitcoin ETFs.
Additionally, the SEC authorised a fund that leverages MicroStrategy earlier this month.
The MicroStrategy (MSTR) stock joined the MSCI World Index for big and medium-sized businesses earlier this year. Still, the company isn’t in the highly sought-after S&P 500 index.
