Microsoft’s market value passes Nvidia for the first time since June 2025

The software giant has reclaimed the lead over the AI chipmaker after more than a year in second place Microsoft is worth more than Nvidia again. The software giant’s market value has passed the chipmaker’s for the first time since June 2025. The swap matters because these two companies are the most closely watched measures of how Wall Street feels about artificial intelligence. When their positions change, investors are revising their view of who profits most from the AI boom. A rivalry measured in trillions The gap between the two companies has been narrow for months. Data from November 9-10, 2026 put Nvidia’s market capitalization at roughly $4.09 trillion, with Microsoft close behind at roughly $4.03 trillion. At that scale, a single strong trading session can flip the order. A sliver of a percentage point is worth tens of billions of dollars when you’re sitting on a $4 trillion valuation. Neither company holds the top spot overall. Apple led the pack in that same snapshot, valued at approximately $5.07 trillion. Microsoft and Nvidia are effectively fighting over the silver medal, which is still a medal worth about four trillion dollars. Microsoft’s stock has swung hard over th...