Microsoft is world’s most valuable company again as Jensen Huang’s Nvidia loses top spot

Apple’s market capitalization was at $3.22 trillion with its shares down 2.2% at $210.10 while Dell Technologies and Super Micro Computer fell 1% and 0.7%, respectively. Bot companies make servers equipped with Nvidia chips.

This comes as Elon Musk said earlier this year that training the Grok 2 model took about 20,000 Nvidia H100 graphic processing units and that the Grok 3 model and beyond would require 100,000 Nvidia H100 chips.

What experts said on Nvidia stock?

Jake Dollarhide, chief executive officer of Longbow Asset Management, said as per news agency Reuters, “While Microsoft both spends and makes money in AI, Nvidia only makes money and lots of money and profits in AI. That’s why you cannot spell Nvidia without AI.”

Wedbush Securities analyst Dan Ives said, “This will be a tech market in which the strong will get stronger as AI technology helps Big Tech Stalwarts monetize their massive installed brs across the enterprise (Microsoft, Oracle, Dell, Amazon, etc) and consumer landscape (Meta, Apple, Google) over the coming years.”