Microsoft Overtakes Nvidia in Market Value Amid Official Investigations
Nvidia's market value has dropped sharply following investigations involving its CEO, allowing Microsoft to reclaim its position as the world's second-largest company.
Nvidia shares fell by more than six percent during Tuesday's trading session, resulting in a loss of approximately $470 billion in market value over just two sessions.
The sharp decline follows growing concerns regarding ongoing official investigations into the relationship between the company's CEO and a businesswoman.
The company's board of directors initiated an internal investigation last Sunday, running concurrently with a similar probe being conducted by the Federal Bureau of Investigation.
This downturn in Nvidia's performance allowed Microsoft to move ahead, securing its position as the second-largest company globally by market capitalization.
Financial markets are now closely monitoring whether Nvidia can successfully navigate these technical and administrative challenges.