Nvidia shares are experiencing a correction, with the stock closing in this territory on Monday. This move has sparked concerns among investors. In a recent podcast, Microsoft’s CEO Satya Nadella made comments that may be contributing to this trend. During an interview with Brad Gerstner and Bill Gurley on BG2Pod, Nadella stated, “Power yes…I am not chip supply constrained.”
This statement suggests that Microsoft is not limited by its ability to produce semiconductors, which could put downward pressure on Nvidia’s stock price as investors reassess the demand for power chips.
Source: https://www.marketwatch.com/story/nvidia-stock-is-in-a-correction-microsofts-ceo-may-have-just-said-something-very-worrying-9f2539c2