How Nvidia dropped from the world’s No. 1 most-valuable company to No. 3, behind Microsoft and Apple

Nvidia lost its position as the world’s most valuable company on Friday (June 22). The shares in chipmaker Nvidia have tumbled over 6% in the past two trading days, shedding more than $200 billion in market value and relinquishing its crown as the world’s most valuable company. According to Bloomberg data, Nvidia’s market cap sits at roughly $3.1 trillion, trailing behind Apple’s $3.2 trillion and Microsoft’s $3.3 trillion.