Microsoft has reclaimed its position as the world’s most valuable company, surpassing Nvidia following a notable dip in Nvidia’s stock value. Nvidia’s shares declined nearly 3.4% on Thursday, dropping to $131.88, which translated into a loss of around $91 billion from its previous closing market value of $3.34 trillion. This decline reduced Nvidia’s market capitalization to $3.22 trillion. Microsoft, despite seeing its own shares slip by 0.4% to $444.8 in afternoon trading, now holds a market capitalization of $3.30 trillion.
The competition among tech giants remains fierce, with Nvidia, Microsoft, and Apple vying for the top spot. Apple’s market capitalization was recorded at $3.22 trillion, with its shares down 2.2% at $210.10. This dynamic market landscape showcases the rapid fluctuations in company valuations and the intense rivalry among these leading corporations.
In another development, Elon Musk announced on his X social media platform that Dell and Super Micro are supplying server racks for his xAI startup’s supercomputer. This supercomputer is designed to enhance the capabilities of xAI’s AI tool, Grok. The announcement highlights the ongoing advancements and collaborations in the tech industry, further intensifying the competitive environment.
