Economies world wide had been hit onerous by the COVID-19 pandemic, which restricted worldwide commerce and compelled many corporations to short-term or completely shut their doorways.
The affect led to the quickest stock market crash in monetary historical past and the largest because the Wall Street Crash of 1929, which paved the way in which for the Nice Melancholy.
Happily, this got here to an finish on 7 April, and stock market indexes have began to indicate vital restoration after the primary COVID-19 wave started to wane.
Know-how and tech-related corporations, nonetheless, had been a number of the main beneficiaries of the pandemic.
With many individuals pressured to make money working from home, the disaster created a surge of demand for computer systems, software program, and different applied sciences.
As well as, the necessity to talk successfully over lengthy distances necessitated the necessity for improved community and communication applied sciences.
Greatest good points
A number of know-how corporations noticed their share costs soar to over 100% of their value a yr in the past.
On-line visitors climbed to never-before-seen ranges, which offered a lift in income to internet hosting corporations like Cloudflare.
Video conferencing software program grew to become a vital instrument to maintain companies and households speaking, leading to a giant spike for platforms akin to Zoom.
Much less associated to the pandemic was the astronomical rise of Tesla, which is now worth greater than most of the world’s biggest automobile producers mixed – Volkswagen, Toyota, Nissan, Hyundai, GM, Ford, Honda, Fiat Chrysler and Peugeot.
What units it aside from the competitors, is its give attention to analysis and innovation that has helped it construct class-leading electrical battery know-how.
The corporate’s vehicles have confirmed so fashionable, that it has repeatedly overwhelmed earnings estimates, and on account of his majority shareholding in Tesla, CEO Elon Musk is presently the second-richest man on this planet.
Had you been lucky or sensible sufficient to purchase shares in one in every of these corporations in December 2019, you’d have greater than doubled your funding by the identical time this yr.
The costs indicated are from markets closing between 16 December 2019 and 14 December 2020.
AMD – Up 126%
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Cloudflare – Up 350%
Nvidia – Up 136%
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Tesla – Up 742%
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Zoom – Up 500%