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Nvidia's Reign as Top Valued Company Ends as Microsoft Takes the Lead

Nvidia shares fell 3.4%, allowing Microsoft to reclaim the status of the world's most valuable firm. Apple, Microsoft, and Nvidia are competing to become the most valuable firm. Elon Musk's xAI firm is collaborating with Dell and Super Micro on server racks to improve their AI tool, Grok.

 NVIDIA logo

In a modest setback, Nvidia's shares fell roughly 3.4% on Thursday, allowing Microsoft to retake the title of world's most valuable corporation.

Just a few days ago, Nvidia's market capitalization topped that of Microsoft, but with this latest dip, the business is expected to lose around US$91 billion, reducing its market worth down to $3.34 trillion, with shares currently selling at US$131.88.

While Nvidia witnessed a loss, Microsoft's market capitalization fell to $3.30 trillion, as its shares fell 0.4% to US$444.8 in afternoon trading.

Nvidia, Microsoft, and Apple are presently competing for the number one slot in terms of market value. Apple, managed by Tim Cook, has a market value of $3.22 trillion, with shares down 2.2% to US$210.10 in the afternoon.

Elon Musk, the famed entrepreneur, stated on his social media site, X, that Dell and Super Micro will supply server racks for his xAI startup's supercomputer. This move is intended to improve the capabilities of their AI tool, Grok.

As a result of this announcement, Dell Technologies and Super Micro Computer's stock prices fell 1% and 0.7%, respectively. These companies specialise in producing servers outfitted with Nvidia chips, allowing them to benefit on the growing need for processors that power a variety of AI applications.

Musk previously stated that training the Grok 2 model requires approximately 20,000 Nvidia H100 graphics processing units, with subsequent models such as Grok 3 requiring a staggering 100,000 Nvidia H100 processors.

Jake Dollarhide, CEO of Longbow Asset Management, commented on the situation, adding, "While Microsoft both spends and makes money in AI, Nvidia solely makes money, and a lot of it. That's why you can't spell Nvidia without AI.

Despite the recent decrease, Nvidia's stock price has grown significantly, nearly tripling in value this year. Super Micro shares have also grown significantly, more than tripling in value during the same period, while Dell's stock has increased by about 95%.

The Philadelphia SE Semiconductor Index, which acts as a benchmark for the semiconductor industry, has increased by over 34% since its April low and finished at a career high on Tuesday.

According to Wedbush Securities analyst Dan Ives, the IT sector will continue to strengthen as AI technology enables big tech companies to monetize their vast user bases across the business and consumer landscapes in the coming years.

  • Nvidia's shares dropped by 3.4%, allowing Microsoft to regain the title of the world's most valuable company.

  • Apple, Microsoft, and Nvidia are in a race to become the top-valued company.

  • Elon Musk's xAI startup is partnering with Dell and Super Micro for server racks to enhance their AI tool, Grok.


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