Bitcoin-backed MicroStrategy outperforms Nvidia, posts big gains
As expected, MicroStrategy topped the list with a massive 1,113% gain.
In comparison, Nvidia came in second with a 1,059% gain, despite benefiting greatly from the AI ​​boom.
Nvidia overtook Microsoft in June to become the world’s most valuable company, and is the backbone of many AI tools, including ChatGPT.
In third place was Arista Networks, a Santa Clara-based computer networking company, which saw a 539% growth, thanks to the growing interest in the AI ​​hardware market.
The company announced a partnership with Nvidia earlier this year, which has boosted its performance.
Cantor Fitzgerald, a US financial services giant, recently revealed an optimistic price target for MicroStrategy stock of $194.

The company’s stock is a leveraged investment in Bitcoin, unlike Bitcoin ETFs.

Earlier this month, the Securities and Exchange Commission approved a new fund linked to MicroStrategy.

In addition, MicroStrategy (MSTR) stock became part of the MSCI World Large and Mid-Cap Index this year.

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