Microsoft briefly overtakes Nvidia as second‑largest firm before stock slips
Microsoft reclaimed the world’s No. 2 market‑cap spot from Nvidia on Tuesday, only to see its shares fall more than 3% by midday, erasing roughly $130 billion in value.

7% chance
Data: Polymarket, updated every minute. · Ends Jan 1, 2027
This market will resolve to “Yes” if Jensen Huang is officially announced as accepting or beginning a formal role within the corporate or governance structure of SpaceX by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No.”
For the purposes of this market, SpaceX includes Space Exploration Technologies Corp., SpaceXAI (formerly xAI), and any of SpaceX’s subsidiaries or controlled entities.
Qualifying roles include employment, executive, officer, director, formal advisory, or governance positions at SpaceX, including membership in a body formally responsible for governing or overseeing the company. A role within a subsidiary or controlled entity of SpaceX will also qualify.
Merely investing in SpaceX (including investments by NVIDIA), entering into a commercial or research partnership, informally advising, or working for an independent organization that collaborates with or provides services to SpaceX will not qualify unless Jensen Huang also accepts or begins a formal role within the company’s corporate or governance structure.
An official announcement that Jensen Huang has accepted a qualifying role will be sufficient, regardless of when he formally begins serving in that role.
The primary resolution source will be official information from SpaceX, the relevant governance body, Elon Musk, or Jensen Huang; however, a consensus of credible reporting may also be used.
Microsoft reclaimed the world’s No. 2 market‑cap spot from Nvidia on Tuesday, only to see its shares fall more than 3% by midday, erasing roughly $130 billion in value.
Nvidia’s stock fell over 6% after Jensen Huang disclosed a romance with Alice Huang, whose firm Megaspeed is accused of routing restricted GPUs to Southeast Asia for Chinese firms.
Downdetector reports service disruptions at Westpac, St George, Commonwealth, NAB and ANZ, with Westpac confirming a technical issue affecting apps, online banking and PayID.
Bank of America cut Nvidia, Micron and Lam Research from its US 1 list of top picks, citing no explanation, as Nvidia faces scrutiny over CEO Jensen Huang’s alleged affair.
Nvidia’s stock fell as much as 8% after allegations tied CEO Jensen Huang to a Chinese intelligence operative, sparking concerns over succession and broader market impact.
Bitcoin slipped below $74,000 after news of Nvidia CEO Jensen Huang’s affair and alleged espionage links, prompting over $297 million in long position liquidations.
It is the latest price of the Yes outcome. Traders pay that share of a dollar for a contract that pays $1 if the event happens, so the price reads as the market's estimate of the chance.
The market resolves by the rules below. Polymarket uses the UMA optimistic oracle: anyone can propose the outcome and dispute it during a challenge period.
Yes, where Polymarket is available. You connect your own wallet; the bet goes to Polymarket and the money never passes through COINMAG. A COINMAG fee of 1% is added to each bet.