NEW YORK (TheStreet) -- Cloud storage company Box (BOX) - Get Report plummeted by double-digits Thursday after reporting a wider-than-expected net loss. Intel (INTC) - Get Report also fell sharply as the chip giant issued a sizable revenue warning. Microsoft (MSFT) - Get Report edged down on fears that it, too, will suffer a similar plight as its chip partner Intel.

Box plunged 11.4% to end the session at $18.20.

The cloud company, which reported its fourth-quarter results after the markets closed Wednesday, posted an adjusted net loss of $1.65 per diluted share on revenue of $63 million. While Box' revenue performance beat Wall Street's expectations of $58 million, it substantially missed analysts' net loss estimates of $1.17.

In announcing its results, the company spooked investors when informing them that it's not likely to reduce its losses in the near future despite its revenue growth continuing to slow, according to a Wall Street Journal report. In essence, Box delivered up a double whammy of disappointing news.

Intel tanked 4.7% to close at $30.80.

The chip giant stumbled after reducing its first-quarter revenue forecast by $1 billion dollars. Intel now expects to generate approximately $12.8 billion in first-quarter revenue, compared with its earlier forecast of $13.7 billion. Intel expects to announce its first-quarter results on April 14.

In lowering its forecast, Intel cited a decline in PC sales. Although Wall Street had not expected Intel's revenue warning, analysts apparently weren't surprised PC sales are falling as tablets and smartphones become the preferred computing device.

Meanwhile, companies that supply components for PCs are reducing their inventories beyond their usual levels as they become increasingly skeptical about demand for PCs, according to a Reuters report. 

Microsoft fell 2.3% to close at $41.02.

The Redmond giant likely fell in sympathy with Intel's revenue warning, given the two companies' products are so closing tied to one another. Microsoft investors may be bracing themselves for a similar warning from the software behemoth.

Another issue that may be weighing on Microsoft's stock is potential poaching of its employees by Alibaba (BABA) - Get Report, which, according to Reuters, is expanding its U.S. operations and seeking cloud experts who work in Seattle. Microsoft and Amazon (AMZN) - Get Report are both based in the greater Seattle-area and have a sizable cloud operation.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.