# stocks inched higher on Monday, but beneath the smooth index closes, meme names, bitcoin proxies and Chinese ADRs traded like a late‑cycle.

*business · news · 2026-04-06 · Crypto News*

## Key points

- AMC Entertainment surged 12% due to retail flows and short-covering, extending its recent rebound.
- MicroStrategy rose 6%, reflecting its status as a leveraged proxy for Bitcoin exposure.
- Advanced Micro Devices fell 5% and Tesla dropped 2%, highlighting selective rotation within tech stocks.
- Chinese ADRs, including iQIYI, continued to underperform amid skepticism over China's growth and regulatory risks.

**Companies:** Tesla, Advanced Micro Devices, MicroStrategy, AMC Entertainment, iQIYI
**Countries:** United States, China

[Read the full story on Crypto News](https://crypto.news/wall-street-edges-higher-as-tesla-lags-amc-and-microstrategy-jump/)

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