We recently published a list of 10 Firms Outperform Broader Market on Tuesday. In this article, we are going to take a look at where Strategy Inc. (NASDAQ:MSTR) stands against other firms that outperform broader market on Tuesday.

The stock market finished mixed on Tuesday, with the Dow Jones the sole loser with a marginal 0.03-percent dip, as investors awaited clarity on President Donald Trump’s new tariff rollout.

The tech-heavy Nasdaq ended 0.87 percent higher, while the S&P 500 grew 0.38 percent.

Meanwhile, 10 individual stocks outperformed the bellwether indices, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.

In this article, we named Tuesday’s top performers and detailed 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 in trading volume.

A software engineer wearing a headset, collaborating with a remote team on a project.

Strategy Inc. (NASDAQ:MSTR)

Strategy Inc., formerly MicroStrategy, grew its share prices by 6.16 percent on Tuesday to end at $306.02 apiece following an analyst’s bullish rating for the company amid optimism about its financial prospects.

On Tuesday, 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 will allow the company to advance its Bitcoin acquisition strategy.

Meanwhile, TD Cowen expects MSTR to finance dividends on the new shares mainly through the issuance of common equity under its ATM program which could be extended or supplemented in the future.

Just recently, MSTR was among the Bitcoin mining giants that earned a boost from the US government’s backing of the cryptocurrency industry.

According to President Donald Trump, he plans to make the cryptocurrency industry a national priority.

Overall, MSTR ranks 10th on our list of firms that outperform broader market on Tuesday. While we acknowledge the potential of MSTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as MSTR but trades at less than 5 times its earnings, check out our report about the 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.