CNBC Daily Open: Nvidia’s crown looks increasingly uneasy on its head

• Major U.S. indexes had their third straight winning session on Tuesday, erasing earlier intraday losses.
• Meta is reportedly looking to use Google AI chips in its data centers.
• U.S private companies shed an average of 13,500 jobs per week over the past four weeks, according to ADP.
• Zelenskyy said Ukraine was willing to advance with a U.S.-backed peace plan, Reuters reported.
• India is looking to double its military production by 2029 — analysts think these defense firms stand to gain.

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.

Source: https://www.cnbc.com/2025/11/26/cnbc-daily-open-nvidias-crown-looks-increasingly-uneasy-on-its-head.html