Nvidia, which recently surpassed Microsoft as the most valuable company, has now lost its top spot as shares dropped 3.4%. This led to a decrease in market capitalization by $91 billion, putting Nvidia at $3.30 trillion while Microsoft regained its position at $3.30 trillion. The competition remains fierce with Apple at $3.22 trillion. Apple’s shares also fell by 2.2% to $210.10. Dell Technologies and Super Micro Computer, suppliers for Elon Musk’s supercomputer xAI, also saw a decrease in shares by 1% and 0.7% respectively. The fluctuations in these technology companies stem from the ongoing battle to be the world’s most valuable company. Musk’s announcement regarding the server racks for his startup’s supercomputer further impacted the market with a focus on artificial intelligence tools such as Grok, which rely on Nvidia chips. This trend highlights the growing demand for processors for AI applications in the tech industry.
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https://english.jagran.com/business/microsoft-becomes-worlds-most-valuable-company-again-surpasses-nvidia-10168540
