You recently posted ' a loud pop from kitchen '.

Could the drawer not closing and the wire/conduit be related to the loud noise you heard?

Any chance you can take a picture of the conduit/wire and post it?

You stated it goes to the stove top. Is it a built-in stove/cook top? Does the wire/conduit come out of the wall/floor and then go up to the stove top?

Is the drawer in a cabinet next to the stove top or in the cabinet that has a built-in cook top?

Is the conduit the flexible metal type?, If so it might have fallen from a "clamp/retainer" higher up and caused the noise you previously heard.

If it was my kitchen and a flexible metal conduit, I would secure it out of the way of the kitchen drawer and higher than where it has fallen. Hopefully the conduit was properly attached at the stove top and the origin of the conduit. If not, it might expose the wires inside the conduit to sharp metal edges that could cut through the electric wires protective coating.

I wouldn't worry about the conduit overheating, I'd worry that the conduit ends may not be secured properly.