We recently published a list of 10 Stocks Bolstered by Broader Market Cheer. In this article, we are going to take a look at where Strategy Inc. (NASDAQ:MSTR) stands against other stocks that bolstered by broader market cheer.
The stock market bounced back from hefty losses on Wednesday, with all Wall Street indices finishing in the green territory after President Donald Trump announced that the US would pause the imposition of higher tariffs on 75 countries for 90 days.
In a post on Truth Social, Trump said that more than 75 countries have called to negotiate and have not retaliated in any way.
“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” he noted.
Following the announcement, the Dow Jones jumped by 7.87 percent, the S&P 500 surged by 9.52 percent, and the tech-heavy Nasdaq soared by 12.16 percent.
Indices aside, 10 companies led the charge, predominantly those with a high international trade exposure.
In this article, we listed Wednesday’s 10 best-performing stocks and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.
Strategy Inc., formerly MicroStrategy, jumped by 24.76 percent on Wednesday to finish at $296.86 each, in line with higher Bitcoin prices, thanks to President Donald Trump’s decision to delay higher tariffs on US imports.
As of this writing, the price of Bitcoin was already up by 9.29 percent at $83,361.82.
Just recently, MSTR suffered an investor selloff amid its recent pause in acquiring Bitcoins in the last week of March, opposing its usual aggressive stance in purchasing the cryptocurrency.
However, the week prior saw MSTR purchase 22,048 Bitcoins for $1.92 billion, marking their largest acquisition to date.
Last Tuesday, investment firm TD Cowen reaffirmed its Buy rating and a price target of $550 for MSTR over its $722.5-million fixed income offer that could bolster its acquisition of more Bitcoins.
According to the analyst, the issuance of non-convertible preferred shares was a strategic move that would allow the company to advance its Bitcoin acquisition strategy.
Overall, MSTR ranks 6th on our list of stocks that bolstered by broader market cheer. 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 more promising than MSTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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