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MicroStrategy Outperforms Major Companies with 1,113% Growth Since 2020

26.08.2024 8:00 1 min. read Alexander Stefanov
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MicroStrategy Outperforms Major Companies with 1,113% Growth Since 2020

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.

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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.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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