Nvidia loses top spot to Microsoft after 3% drop
https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1718937359583-YAKIHONNES3.jpg

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.