"I'm not chip supply constrained," Microsoft CEO Satya Nadella said in a recent interview. Nvidia stock has dropped 7% since the comments.

Satya Nadella, Microsoft's CEO, and believed to be a big customer of Nvidia was talking about abundant chip supply in a recent interview.

Nvidia stock has fallen 17% from its record high on November 21st, entering correction territory and nearing a bear market. The decline followed Microsoft CEO Satya Nadella's remarks on the B2 podcast,

Nvidia shares slipped over 1% in midday trading Tuesday, on track to extend losses for a fourth consecutive session but failing to dampen retail sentiment. The stock’s slide comes as it continues to trade in correction territory,