Why Computer Stocks Fell Today
Shares of prominent computer-related companies have fallen today after Microsoft (NASDAQ: MSFT) warned that it would not meet its guidance for its personal computing segment this quarter due to the coronavirus outbreak. Here are some notable declines as of 12:15 p.m. EST:
All of the companies either provide critical components for PCs or compete directly in that market.
Microsoft provided an update yesterday to investors regarding its guidance for the current quarter. Specifically, the company expected its "More Personal Computing" segment to generate $10.75 billion to $11.15 billion in revenue this quarter.
Source Fool.com
