Uneasy lies the head that wears the crown.

Shares of artificial intelligence czar Nvidia fell 2.6% on Tuesday as signs of unrest continued rippling through its kingdom.

Over the month, Nvidia has been contending with concerns over lofty valuations and an argument from the “The Big Short” investor Michael Burry that companies may be overestimating the lifespan of Nvidia’s chips. That accounting choice inflates profits, he alleged.

The pressure intensified last week in the form of a potential challenger to the crown. Google on Nov. 18 announced the release of its new AI model Gemini 3 — so far so good, given that Nvidia isn’t in the business of designing large language models  — powered by its in-house AI chips — uh–oh.

And on Monday stateside, Meta, a potential kingmaker, appeared to signal that it is considering not just leasing Google’s custom AI chips, but also using them for its own data centers. It seemed like Nvidia felt the need to address some of those rumblings.

The chipmaker said on the social media platform X that its technology is more powerful and versatile than other types of AI chips, including the so-called ASIC chips, such as Google’s TPUs. Separately, Nvidia issued a private memo to Wall Street that disputed Burry’s allegations.

Power, whether in politics or semiconductors, requires a delicate balance.

Remaining silent may shroud those in power in a cloak of untouchability, projecting confidence in their authority — but also aloofness. Deigning to address unrest can soothe uncertainty, but also, paradoxically, signal insecurity.

For now, the crown is Nvidia’s to wear — and the weight of it is, too.

U.S. stocks advanced on Tuesday. Major indexes had their third straight winning session, erasing earlier intraday losses.  Europe’s Stoxx 600 climbed 0.91%, with regional defense stocks rebounding past sessions’ losses.

Meta is looking to use Google AI chips. That’s according to a Monday report byThe Information. Nvidia on Tuesday wrote on X that its chips are “a generation ahead of the industry.” The chipmaker also sent analysts a memo on alleged bubble claims.

Downbeat statistics on U.S. economy. Private companies shed an average of 13,500 jobs per week over the past four weeks, according to payroll processing firm ADP on Tuesday. Little wonder U.S. consumer confidence in November fell to the lowest since April.

Ukraine peace plan moving ahead, Trump says. Ukrainian President Volodymyr Zelenskyy said Kyiv was willing to advance with the U.S.-backed framework, Reuters reported,but some key details remain unresolved. It’s also unclear if Russia will accede to the plan.

[PRO] Top picks in India’s defense sector. The country is looking to double its military production to 3 trillion rupees (about $33 billion) and raise defense exports to 500 billion rupees by 2029. Analysts think these defense firms stand to gain from India’s plans.