Nvidia loses top spot to Microsoft after 3% drop
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Nvidia's shares declined nearly 3.4% on Thursday, handing the title of the world's most valuable company back to Microsoft.

Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88.

Microsoft's market value also slipped, to $3.30 trillion, as its shares were down 0.4% at $444.8 in afternoon trading. Nvidia, Microsoft and Apple are in a three-horse race to become the world's most valuable company.

The Tim Cook-led iPhone maker's market capitalization was at $3.22 trillion, with its shares down 2.2% at $210.10 in the afternoon.  

 Nvidia has lost its top spot to Microsoft after experiencing a 3% drop in its shares. Nvidia's market capitalization, which had surpassed that of Microsoft, was set to lose around $91 billion, bringing its market value to $3.34 trillion. Meanwhile, Microsoft's market value also slipped to $3.30 trillion, with its shares down 0.4% at $444.8 in afternoon trading. Nvidia, Microsoft, and Apple are currently in a three-way race to become the world's most valuable company