Covid-19 is a massive blow to the world. People are staying at home. They are losing their jobs, consuming less. It sounds like bad, right? Not for everyone. There are many tech companies that are blossoming right now. Who are those Covid-19 winners? 

Zoom Video Communications, Inc. (ZM)

We all got stuck at home for months. There was a huge need for a good platform for video conferences. Sure, Google and Microsoft already had great solutions for their business users, but they are not free. Zoom is also not free, but its freemium model managed to attract a lot of attention. Businesses, Schools, Governments… Everybody is using it now. Investors saw it, and the stock price has grown significantly. It was around 70 USD at the beginning of the year, and now it is about 300 USD. 4 times more! The New Normal will include a lot of video conferences, so there is a headwind for Zoom.  

Netflix, Inc. (NFLX)

Another industry that is going extremely well is the online video streaming one. People are staying at home, without the opportunity to go out and spend money on restaurants, movies, trips, etc. Their only choice is to find entertainment on their devices, and Netflix is there for them. Yes, now there are many new contestants like Disney Plus, Apple TV+, Amazon Prime Video, and more, but Netflix is still the best-known. Since the beginning of the year, Netflix has added more than 26 million new subscribers, and the stock price has increased by more than 60%. Not bad at all! Will Netflix keep its dominant position until the end of the year? Probably yes.   

Amazon.com, Inc. (AMZN) 

Amazon is on its way to full domination. Everybody was and still is, buying madly from Amazon. Masks, disinfectants, heck even toilet paper were out of stock from months. Jeff Bezos’s company shows how e-commerce must function during a crisis like the Covid-19 virus. 

If we check the numbers, they have more than a 40% year-on-year boost in revenues (Q2 results), and the price has almost doubled since the beginning of the year. 

Amazon AWS is also doing its part. It is fast-growing, and each year, it is responsible for a bigger percentage of Amazon profits. It is the most immense “cloud in the sky” right now, and it is on a patch of growing even more. 

Suggested article – Top 10 tech companies in 2020

Microsoft Corporation (MSFT)

Who does not know Microsoft? They have the OS running on most computers, many excellent online services, and a good alternative to Amazon AWS – Microsoft Azure. They got 13% more revenue (Q2 2020 vs. Q2 2019) and over 30% stock price increase since the beginning of the year. 

There are two fascinating points this year. Will Microsoft buy Tik-Tok? And the premiere of the next Xbox. 

The first might be an excellent addition for Microsoft for their social networks’ portfolio. Tik-Tok will give them plenty of young users and a weapon against Facebook and Snapchat. LinkedIn is great, but Tik-Tok is fresh and cool now.   

And when we are talking about young users, the next-gen Xbox is just around the corner. We still don’t know the price, but from the rumors, it will be a worthy competitor. 

Tesla Inc

Yes, Tesla is a tech company, don’t be fooled by the cars they are selling. Their stock price is going through the ruff. I already commented about Tesla stock price (https://maxpc.co.uk/tesla-stock-price-in-july-2020/), you can check it out, but basically, in time of crisis, they are just going up. Now they cost around 2200 USD (up from 1430 USD a month ago). 

Elon Musk is a very charismatic and futuristic person, but it is a bit scary how people are trusting 100% in him. The way I see it, the bubble will grow some more in the next months.  

Conclusion

A problem for some is the opportunity for another. The Covid-19 virus has pushed many industries to evolve. Many businesses already became digital in just a few months. Adopt or die. This is how the world works.