CandleFocus

MicroStrategy Touches New Highs as Trading Volume Relative to Nvidia Surges

MicroStrategy's trading volume has reached 17.65% of Nvidia's volume in October, despite having a market cap only 1.5% the size of the chip giant. MicroStrategy's stock has surged over 240% this year, with prices doubling in the past five weeks alone, bringing it closer to a $50 billion market cap. The increase in trading volume relative to Nvidia suggests heightened investor enthusiasm. MicroStrategy's stock has outperformed Nvidia's this year, and its net asset value has expanded with the rising price of Bitcoin.

Related News