The news from Apple is that earnings will be down due to Covid-19. Nvidia also reported similar problems. Much of the industry relies upon China in so many ways, and we’re likely to see odd ripple effects unless something changes quickly. In what may be an ongoing conversation in the coming months, it still is way too early to overreact. Instead, remember that slow and steady wins the race!
The virus is still in what could be the early stages and is already stressing supply chains.