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.
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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.
IBM and Microsoft unveiled Imagine Enterprise, a joint AI platform offering pre‑built agents and on‑site engineering talent to help regulated firms move from pilots to production.
Microsoft warns a U.S. ban on Chinese-made optical transceivers could stall AI data‑center construction and waste billions in chip investments.
Microsoft-backed Space and Time unveiled an on‑premise solution that lets businesses prove AI‑driven calculations on private data without exposing the underlying records.
Microsoft is winding down its AI‑computing contract with Oracle after older Nvidia chips failed to meet its evolving requirements, part of a broader pullback from external cloud providers.
Nasdaq‑listed IREN reported a 58% drop in Bitcoin mining revenue to $28 million while AI cloud revenue jumped 182% to $200 million, sending its stock down 17%.
Despite a 27% drop in AI‑related semiconductor equities, leading AI players have raised more than $200 bn in debt and equity this year, according to multiple sources.