Reported by CNBC · cnbc.com · July 27, 2026
Nvidia had held the top spot as the most valuable company since June 2025, when it took the crown from Microsoft.
What to watch: Monitor chip inventory cycles — overhang periods precede sharp upside moves in semis.
Market reaction today: $NVDA -2.91%, $AAPL +0.32%, $MSFT +0.84%
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