Microsoft briefly passes Nvidia in market value as shares slide before November 17 earnings

Nvidia's market value slipped enough on November 10 for Microsoft to briefly move ahead of it as the world's second-most valuable company, the first such overtaking since mid-2025. The move follows the fallout from the CEO controversy, with Reuters estimating a market-value loss of roughly $470 billion across the two sessions on November 9 and 10. Nvidia regained second place later that day. Attention now centers on the third-quarter report due November 17, where the company has guided to about $108 billion in revenue, while the Street's consensus estimate was cited at roughly $108.9 billion. Bloomberg also noted that Huang has many direct reports but no publicly named successor.

1. Microsoft briefly overtook Nvidia as the second-most valuable company on Tuesday, the first time since June 2025 (Benzinga).
2. Reuters reported Nvidia was on track for a roughly $470 billion market-value loss over Monday and Tuesday (Benzinga).
3. Nvidia guided to about $108 billion in revenue for the quarter reported on November 17 (Benzinga).
4. Benzinga's consensus estimate for quarterly revenue was about $108.9 billion, up roughly 91% year over year.
5. Nvidia shares were trading near $168.80 at the Tuesday close, down about 5.5% on heavy volume (Benzinga).
6. Bloomberg noted Huang has no publicly identified successor after 33 years running the company (Benzinga).