The chipmaker’s market capitalization reached $3.764 trillion as trading opened on Thursday, falling below the $4 trillion mark for the first time since 2025. The decline leaves the semiconductor company as the third most valuable public firm in the world, trailing Microsoft’s $3.88 trillion valuation and Apple’s $5.196 trillion capitalization.
The loss of the second-place spot follows a period of volatility that began Nov 10, when Microsoft officially overtook Nvidia in total value. That shift was triggered by a drop of more than 6% in Nvidia’s share price, returning Microsoft to the position of the world’s second-largest company for the first time since June 2025.
