We recently published a list of Gold, Biopharma Firms Dominate Friday’s 10 Top Performing Stocks. In this article, we are going to take a look at where Strategy Inc. (NASDAQ:MSTR) stands against other Friday’s top performing stocks.
The stock market finished the trading week on a positive note, wiping out earlier losses on Friday, as investors weighed the escalating trade tensions between the US and China.
Having been battered this week, Wall Street’s major indices all finished in the green, led by the Nasdaq, up 2.06 percent, followed by the S&P 500 with 1.81 percent, and the Dow Jones with 1.56 percent.
Ten companies, predominantly under the mining and biopharmaceutical sectors, mimicked gains on the back of fresh industry catalysts that boosted buying appetite. In this article, let us explore Friday’s top performers and the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.
Strategy Inc., formerly MicroStrategy, increased by 10.15 percent on Friday to end at $299.98 each, in line with investor optimism in the stock and cryptocurrency markets, both finishing in the green territory during the session.
As of this writing, the price of Bitcoin was up by 5.32 percent at $83,826.15 after the White House announced that it was reviewing 15 trade deal offers from countries that submitted counterproposals with the US government.
The rally in MSTR shares can likewise be attributed to bargain-hunting following Thursday’s decline after the company paused purchasing Bitcoins in the first week of the month, earlier sparking concerns amid the company’s usual aggressive stance on Bitcoin acquisition.
Last week, MSTR received a Buy rating from TD Cowen and a price target of $550, an 83-percent upside from its latest closing price.
According to TD Cowen, the upgrade was based on optimism for MSTR’s $722.5-million fixed-income offer that could bolster its acquisition of more Bitcoins.
Overall, MSTR ranks 7th on our list of Friday’s top performing stocks. While we acknowledge the potential of MSTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as MSTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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