Microsoft Overtakes Nvidia in Market Value for First Time Since June 2025

Microsoft reclaimed the position of the world's second most valuable publicly traded company on November 10, 2026, surpassing Nvidia in market capitalization for the first time since June 2025. The shift placed Microsoft ahead of Nvidia in the rankings, behind only Apple as the world's most valuable company.

The crossing marks a notable reversal after more than a year in which Nvidia's dominance in AI chip demand had kept it ahead of Microsoft. The last time Microsoft held a higher market value than Nvidia was in June 2025, underscoring how much ground Microsoft has clawed back in the intervening period.