Microsoft Regains World's Most Valuable Company Title From Nvidia

By Jace Dela Cruz

Jun 21, 2024 12:34 AM EDT

Microsoft has again taken the title of the world's most valuable company from Nvidia.

Microsoft Regains the World's Most Valuable Company Spot

Nvidia's shares experienced a significant drop of nearly 3.4% on Thursday, a decline that directly contributed to Microsoft's resurgence as the world's most valuable company.

Nvidia's recent rise in value was driven by strong demand for its graphics processing units (GPUs), which are critical for gaming, artificial intelligence, and data center applications. However, the recent decline has allowed Microsoft to reclaim its position at the top.

FRANCE-TECHNOLOGY-IT-FAIR-VIVATECH — A logo of US company Microsoft is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024.
(Photo : JULIEN DE ROSA/AFP via Getty Images)

Microsoft vs. Nvidia vs. Apple

Despite a slight decline in its market value to $3.30 trillion due to a 0.4% drop in its share price, Microsoft's dominance in the tech industry remains unshaken.

Its robust and diverse portfolio, encompassing software, cloud services, and hardware, has been instrumental in maintaining its strong market position. The competition among the top tech companies remains fierce. Apple, with a market capitalization of $3.22 trillion, is also in the race for the top spot.