Wall Street gains return market to rise on Nov. 9 despite NVIDIA stock decline
Key Facts
U.S. stocks rose in the Nov. 9 session, with the S&P 500 up 2.3% and the Nasdaq Composite up 2.7%, while NVIDIA shares fell and closed at $178.67. Microsoft shares closed at $545.18 in the same session, according to EL7 data. The gains in both indexes came during a recovery following the previous week's losses, according to the Associated Press. The agency reported that the market posted its best daily performance since April and recouped more of its steep losses from the previous week. But NVIDIA shares fell despite the broader market's rise.
Closing prices reflect the two stocks' movement in a single session, but they alone do not establish the companies' market-capitalization ranking. The claim that Microsoft surpassed NVIDIA in market capitalization for the first time since June 2025 could not be verified from a reliable open source. The available figures therefore do not support confirming that this shift occurred on the date of the article. What can be observed in the session is that Microsoft rose to $545.18 per share and NVIDIA closed at $178.67. The claim about market leadership remains unresolved.
As for Microsoft's operating backdrop, Microsoft Cloud revenue was about $214.4 billion in fiscal 2026, compared with $168.9 billion in fiscal 2025, according to the company's annual report. The comparison shows revenue growth between the two fiscal years, without by itself establishing its effect on the market-capitalization ranking during the Nov. 9 session. NVIDIA, meanwhile, reported record revenue of $81.6 billion in the first quarter of its fiscal 2027, up 85% year over year. Data center revenue was $75.2 billion, up 92% from the year-earlier period, the company said. These results place the two companies' performance in the context of their business growth, while reflecting different fiscal periods and revenue measures.
The Nov. 9 session saw a broad rise in U.S. stocks despite NVIDIA's decline, according to the Associated Press. The indexes recouped a larger portion of the previous week's losses that day, but the source did not link the recovery to a specific reason for the chipmaker's stock decline. The available facts do not include subsequent data on the share-price movements of Microsoft or NVIDIA or their market-capitalization ranking. The closing prices recorded on Nov. 9 and the indexes' gains therefore remain the confirmed details of the session here. Nor is there verified information about a subsequent event that could be included as the next step.