Shares of Dell (DELL.N), and HP (HPQ.N), fell after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs.
Dell tumbled 11 per cent, with the company set to shed about $11 billion from its $99.50 billion market value, after it forecast quarterly revenue below estimates.
HP dropped about 5 per cent and its market capitalization was set to shrink by nearly