Power Supplies and Regulators
Firmware is written as though the supply rail were a constant — a number in the datasheet, 3.3 V, always there. The rail is not a constant. It is the output of a control loop with finite bandwidth, fed through traces with real resistance and inductance, feeding a load whose current draw your own code is modulating thousands of times a second. Every time the CPU switches from an idle loop to a burst of floating-point work, every time a GPIO drives an LED, every time the chip wakes from Stop mode, the load steps and the rail moves.