Microsoft regains its top spot after Nvidia shares drop by 3%

Nvidia’s share price dropped by 3.4%, losing its top position to Microsoft. The semiconductor giant’s market value fell to $3.34 trillion, down $91 billion. Nvidia’s growth, driven by advancements in artificial intelligence, led to a 160% surge in share price since 2024. Earlier on Tuesday, Nvidia’s stock experienced an increase rising as much as 3.4 per cent, propelling the company’s market capitalisation above both Microsoft and Apple.