Business · Markets · 3 hrs ago
Nvidia briefly loses second place to Microsoft as shares fall
Nvidia shares fell sharply on Tuesday, briefly allowing Microsoft to become the world’s second most valuable company.
The US chipmaker and its chief executive, Jensen Huang, are facing scrutiny over Huang’s reported relationship with a Chinese executive whom US intelligence suspects of working for Beijing; Beijing denies the allegation.
A US class-action complaint filed Monday accuses Nvidia and Huang of misleading investors about the relationship, but the claims have not been resolved.
Nvidia has lost more than $400 billion in market value since the story emerged over the weekend, amid wider concerns about spending on artificial intelligence.
Microsoft briefly moved ahead, but accounts differ on which company was worth more later in the session; Apple remained the world’s most valuable company.
The complaint is now part of the legal dispute, and the sources give no further steps or timetable.
Microsoft briefly overtook Nvidia as the world’s second most valuable company on Tuesday as Nvidia shares fell.
Nvidia later regained second place, according to TASS.
The reports linked Nvidia’s decline to a scandal involving CEO Jensen Huang and to broader concerns about the artificial intelligence sector.
Le Monde reported that Nvidia had lost more than $400 billion in market value since the affair emerged over the weekend.
Apple remained the world’s most valuable company, with a market capitalization of about $5.06 trillion.
- Who
- Nvidia and Microsoft. Apple remained the most valuable company.
- What
- Microsoft briefly overtook Nvidia in market value as Nvidia shares fell. Nvidia later regained second place.
- When
- Tuesday, November 10, 2026.
- Where
- On the Nasdaq in New York.
- Why
- Nvidia shares fell amid a scandal involving CEO Jensen Huang and concerns about the artificial intelligence sector.
This story does not have two clearly opposing sides.
The scandal involving Nvidia CEO Jensen Huang emerged, according to Le Monde.
Huang acknowledged having had an affair with a Chinese executive, Le Monde reported.
A Los Angeles law firm filed a class-action complaint accusing Huang and Nvidia of misleading investors, according to Le Monde.
Nvidia’s share-price decline briefly allowed Microsoft to become the world’s second most valuable company.
- Nvidia share decline
- Down 6.27% to $167.47 during the Nasdaq main trading session, according to TASS
- Microsoft market capitalization
- $3.943 trillion during the Nasdaq main trading session, according to TASS
- Nvidia market capitalization
- $4.035 trillion during the Nasdaq main trading session, according to TASS
- Apple market capitalization
- $5.06 trillion
- Nvidia market value lost
- More than $400 billion since the affair emerged over the weekend, according to Le Monde
4 sources
Microsoft supera en capitalización a Nvidia, que pierde 1,8 billones en valor de mercado con el escándalo Huang
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