I have a relatively large number of records that will need to be updated once a minute (anywhere from 3,000 to probably 12,000, usually somewhere in the 6,000 range). Currently I am just using a for loop like so:

$some_id = AnotherModel::where("label", "=", $label)->first()->id;
foreach ($Data->results as $result) {
    Model::updateOrCreate(
        ["symbol" => $result->symbol, "some_id" => $some_id],
        [
            "name" => $result->name

 		]
 	)
}

this process on my local takes about 49 seconds (thats including the API call (just one) I make to a separate service which does take a while since its so much data, so the DB updating may only be 35 seconds or so), which would normally be fine but I have to do some more mass updating after this as well so I'm a bit afraid I am going to be running short on time, is there a more efficient way to do these updateOrCreate calls other than just a for loop? If there isn't then I may just have to report we may need to push the update frequency back to 3 or 5 min...