Intel Corp. INTC, -6.07% shares fell sharply Monday after a report that Apple Inc. AAPL, -0.66% will begin outfitting its Mac personal computers with its own chips in two years. Intel stock was already suffering on the day, down about 5%, but fell to losses of more than 9% after Bloomberg News reported that Apple could make the move as early as 2020. Bloomberg cited anonymous sources for the report. Apple uses processors that it designed for its mobile products like the iPhone and iPad, and Bloomberg reported that the company believes moving to its own chips for PCs will help develop a more homologous experience for users switching between its devices. Apple shares were also falling on a rough day for tech stocks, but were down less than 1.5% in recent trading. Intel stock gained 5.3% in the first quarter of the year as the S&P 500 index SPX, -2.23% dropped 2%.