Microsoft moved ahead of Nvidia in market value during U.S. trading Nov. 10, Reuters reported, becoming the world’s second-most valuable company in the first such shift since June 2025.
Reuters cited Microsoft shares at $543.25, down 0.4%, and Nvidia shares at about $167.11, down more than 6%. The report did not give the companies’ market-cap figures or the precise time of the crossover. Reuters cited uncertainty about the artificial intelligence outlook and the board inquiry as factors in Nvidia’s decline.
The NVIDIA Board of Directors said Nov. 8 that it had opened an independent inquiry in response to recent reporting about CEO Jensen Huang. That reporting alleged Huang had been targeted by a foreign intelligence effort; the board’s statement did not confirm the allegation.
The board assigned independent directors to lead the review, with outside counsel assisting. It said Huang supported the inquiry and would cooperate. The board said it had “no reason to believe” national security or NVIDIA secrets were compromised, and that the review would consider all available information. It gave no date for an update.
