Double-Digit Winners: 10 Stocks Crushing The Market

Page 8 of 8

1. Circle Internet Group (NYSE:CRCL)

Circle Internet skyrocketed by 80 percent week-on-week, closing at $240.28 versus the $133.56 on June 13, with investor sentiment bolstered by a flurry of catalysts, including a “buy” recommendation and growth opportunities from the Senate’s passage of the Stablecoin bill.

On Friday, Circle Internet Group (NYSE:CRCL) earned its first “buy” recommendation from Seaport Global following the Senate’s passage of a legislation that would allow the wider usage of Stablecoin.

Earlier last week, Circle Internet Group’s (NYSE:CRCL) announced that its USDC Stablecoin is being adopted by retail giants Amazon and Walmart, as well as e-commerce operator Shopify, which began rolling out its feature enabling merchants to accept the digital currency for payments and order fulfillment flows.

Circle Internet Group (NYSE:CRCL) also said that it partnered with blockchain firm Ripple to bring USDC Stablecoin to the latter’s XRP Ledger blockchain, as well as with digital identity company World for the addition of USDC and CCTP V2 (Cross-Chain Transfer Protocol) on World Chain.

While we acknowledge the potential of CRCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRCL and that has 100x upside potential, 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. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.

Page 8 of 8