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Nvidia loses top spot to Microsoft after 3% drop

Economic Times · 1y

Nvidia's shares fell by 3.4% on Thursday, causing Microsoft to regain its position as the world's most valuable company. Nvidia's market capitalization dropped by around $91 billion, while Microsoft's also slipped. Nvidia, Microsoft, and Apple are competing to be the top company, with Apple's market capitalization at $3.22 trillion. Meanwhile, Elon Musk revealed that Dell and Super Micro are supplying server racks for his xAI startup's supercomputer, which relies on Nvidia chips. Nvidia's stock price has almost tripled this year, and Super Micro and Dell have seen significant increases as well.