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Microsoft has overtaken Nvidia to become the world's second most valuable company by market capitalization, with MSFT at $4.035 trillion versus NVDA at $4.032 trillion. The shift marks a narrow reversal at the top of the global rankings, leaving the two firms separated by roughly $3 billion in market value. The change reflects how closely matched the two companies have become after Nvidia's rapid ascent on AI demand. Investors will watch whether the gap widens or flips back, and which company next challenges for the top spot.

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