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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

“Nvidia” Loses Top Spot as World's Most Valuable Company to “Microsoft”


Sun 23 Jun 2024 | 10:30 PM
Taarek Refaat

Nvidia's stock declined, loosing the top spot among the global companies with the largest market value to Microsoft.

The U.S. chip maker's shares fell during Friday's trading, extending its losses for the second session, by 3.2% to $126.57, bringing its market value to $3.1 trillion, and recording weekly losses of 4%, ending a series of gains that lasted 8 consecutive weeks.

 “NVIDIA” fell to third place among the companies with the largest market value in the world, after “Apple” in second place with a value of $3.18 trillion, and “Microsoft” with a value of $3.34 trillion.

Nvidia's stock has risen by about 155% since the beginning of this year, and this compares to a 15% rise in the S&P 500 index, and an 18% rise in the Nasdaq Composite Index during the same period.