MicroStrategy Beats Nvidia with Staggering Gains

MicroStrategy co-founder Michael Saylor recently took to social media to compare the performance of his company to some other prominent names since August 2020. 

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Unsurprisingly, the business intelligence firm ended up at the top with extremely impressive gains of 1,113%.   Nvidia, for comparison, comes only in second place at 1,059% despite greatly benefiting from the artificial intelligence craze. In June, it managed to overtake Microsoft, becoming the most valuable company in the world. The company's chips power a lot of widely used AI tools, including ChatGPT

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Arista Networks, a Santa Clara-headquartered computer networking company, comes in rather third place with 539%. The company has benefited from the increasing interest in the AI hardware market. Earlier this year, it announced a partnership with Nvidia

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Some of the other top performers include Eli Lilly (523%), Quanta Services (467%), Howmet Aerospace (442%), Broadcom (408%), and Marathon Petroleum (372%).  As reported by U.TodayCantor Fitzgerald, an American financial services behemoth, recently announced a bullish $194 price target for the MicroStrategy stock.  Unlike Bitcoin ETFs, the company's stock acts like a leveraged Bitcoin play. 

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Earlier this month, the SEC also approved a fund that levers up MicroStrategy. Earlier this year, the MicroStrategy (MSTR) stock became part of the MSCI World Index for large and medium-sized companies. However, the firm is yet to be included in the much-coveted S&P500 index. 

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