Michael Saylor, co-founder of MicroStrategy, recently shared a comparison on social media, showcasing how his company has performed against other major firms since August 2020.
MicroStrategy outshone the competition with an impressive growth of 1,113%. In comparison, Nvidia followed closely behind with a 1,059% rise, driven by the booming demand for artificial intelligence technologies. Nvidia’s ascent this year included surpassing Microsoft to become the most valuable company globally, thanks to its AI chips that support popular tools like ChatGPT.
Arista Networks, a leader in computer networking from Santa Clara, claimed the third spot with a 539% increase, benefiting from the expanding AI hardware sector. Earlier this year, the company announced a strategic partnership with Nvidia to further its growth.
Other notable companies that made the list of top performers include Eli Lilly with a 523% gain, Quanta Services at 467%, Howmet Aerospace at 442%, Broadcom at 408%, and Marathon Petroleum with 372%.
Cantor Fitzgerald, a major financial services firm, has set an optimistic price target of $194 for MicroStrategy’s stock, viewing it as a strong leveraged bet on Bitcoin.
Additionally, the SEC recently approved a fund that increases exposure to MicroStrategy. Earlier this year, MicroStrategy’s stock (MSTR) joined the MSCI World Index, which tracks large and mid-sized companies worldwide, although it has not yet been included in the S&P 500.
On September 18, during an interview at Token2049, Alex Svanevik, CEO of blockchain analytics firm Nansen, shared his insights on the potential impact of the 2024 U.S. presidential election on the cryptocurrency landscape.
Donald Trump and his sons launched their DeFi project, World Liberty Financial (WLFI), during a lengthy X Spaces session on Monday, but the event fell short of expectations.
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Cryptocurrency exchange Bitget and Foresight Ventures have announced a significant $30 million investment in The Open Network (TON) blockchain.