New Crown Pneumonia Hit U.S. Technology Stocks Technology Company "Fancy Epidemic"

With the global outbreak of the new crown disease, the US stock market has been hit hard, and most of the related technology stocks are unable to get rid of their doom.

As of 15:55 Beijing time on March 23rd, 256917 cases of new crown pneumonia were identified outside China, and 11425 cases died. Among them, 35418 cases of new crown pneumonia were diagnosed in the United States, the number was only inferior to China and Italy, and 473 cases died.

Before that, the US stock market has experienced four historical fuses in two weeks, triggering the fusing mechanism respectively on March 9th, 12, 16 and 18, local time. The Dow Jones index fell 7.8%, 10%, 12.9% and 6.3% respectively.

However, I am afraid this is not the end. Beijing time on March 23rd, the US Congress has not yet reached an agreement on trillions economic stimulus plan. Subsequently, the three major stock index futures fell sharply again and hit the limit. Among them, Dow futures and S & P 500 index futures fell 5%, NASDAQ futures fell nearly 5%.

The epidemic continues to fan its black wings. Whither the American Technology Corp, where will it go?

US technology stocks hit hard

The outbreak of the epidemic in the world has a direct chain effect, resulting in a heavy blow to the American Technology Corp. Data show that only on the 12 day of the second day of the United States equity month on March, the total value of FAAMG (Amazon, apple, Alphabet, Facebook and Microsoft) of the five companies evaporated to 416 billion 630 million US dollars.

According to the twenty-first Century economic report reporter combing, from February 28th to March 20th, Amazon's stock price was the highest of 1996.33 dollars, the lowest price was 1626.032 U.S. dollars, the amplitude was 19.65%. Apple Corp's highest stock price was 304 U.S. dollars, the lowest price was only 228 U.S. dollars, the amplitude of up to 27.79%.

The lowest price of Google's parent company Alphabet from February 28th to March 20th was US $1037.28, the highest price was US $1410.15, with an amplitude of 28.29%. Facebook's stock price reached a maximum of $197.24, the lowest reported at $137.101, and its amplitude was as high as 31.69%. Compared to the high price of $175, the lowest price of Microsoft Corp was $135, with an amplitude of 25.29%.

From February 28th to March 20th, Uber's share price fell by 34.27%, and its amplitude was as high as 66.66%. The highest price of the stock was 35.34 dollars, the lowest price was only 13.71 dollars, and the stock price was close to the waist. Tesla also has an amplitude of up to 67.23%, putting out a roller coaster market.

In other key technology stocks, NVIDIA fell 18.55%, the amplitude was as high as 41.25%; AMD fell 10%, the amplitude was 30.56%; IBM decreased 28.34%, amplitude 31.09%; Intel decreased 17.91%, amplitude 27.57%; Oracle Bone dropped 10.1%, amplitude 23.89%.

However, there is sadness and happiness. During the epidemic, many companies allowed employees to work at home, and schools switched to online teaching. The price of video conferencing and online learning platform ZOOM rose sharply. From February 28th to March 20th, ZOOM's share price rose to 14.97%, its amplitude was as high as 34%, and its stock price was up to 135.98 US dollars.

Performance is affected

In addition to the setbacks in share prices, the performance of technology companies has also been affected to varying degrees. Amazon said earlier that the delivery of normal orders had to be delayed due to the impact of the new crown epidemic. In the statement, Amazon said it would give priority to the delivery of necessities to cope with the impact of the new crown pneumonia. The delivery period of some non essential items will be delayed until April 21st, and prime members can not be exempted.

"Online shopping orders have been cancelled." A user in San Francisco said to the twenty-first Century economic report. He has bought more than 40 canned food, toilet paper, some dry food and quick frozen dumplings on Amazon, but he can not escape the fate of order cancellation.

Apple Corp said as early as February that Apple's partners in China could not resume work as expected due to the outbreak of the epidemic. The global supply of iPhone was therefore affected, thereby affecting the revenue of the quarter. In March 14th, Apple Corp CEO Tim Cook announced the closure of all Apple stores except the Greater China region to March 27th.

Google announced the cancellation of the I/O conference this morning in the morning of March 21st, and announced in the last few days that it will suspend the new version of Chrome browser and Chrome OS. Microsoft said that the target set by the personal computing department for the third quarter of March 31st will not be completed, including Windows authorization and Surface sales revenue.

Compared with technology giants, the experience of start-up companies is more difficult. Lime, a shared scooter company, said the company's revenues declined sharply as a result of self isolation and travel restrictions in many regions. The company is considering cutting 50 to 70 employees in San Francisco headquarters.

The company's internal documents show that in March 14th, the company's scooters had completed 147 thousand travel services worldwide, and 3 days later, with the issuance of blockade orders by many European cities, the number of scooters had decreased by about 2/3 to 52 thousand times. The number of services in the largest market in Paris dropped by 98%, to 300 times.

Fancy anti epidemic

With the spread of the epidemic, major companies launched anti epidemic measures one after another. The perfume factory of luxury goods giant LVMH has turned to the production of hand sanitizer products. The British government has urged the British Motor Company to turn to medical supplies, and technology giants are doing their best to fight against the new crown.

Recently, Google launched a coronavirus website to provide users with tips on safety and prevention of new crown viruses and search trends related to COVID-19. Microsoft Bing also launched the global new crown virus epidemic tracking report portal to provide users with the latest infection statistics in different countries and parts of the world.

Technology companies are also sparing no effort in assisting the public in testing. In March 14th, Verily, a life science subsidiary of Google's parent company Alphabet, launched the new crown virus classification testing website to help potential new crown virus patients make appointments to detect sites. In March 19th, Zuckerberg said that Chan Zuckerberg Initiative (CZI), a charity under Facebook, is working with the government to help the bay area carry out the new crown detection. The number of days in the next few days will reach more than 1000 times.

Microsoft is working with Adaptive Biotechnologies to speed up the development of more precise diagnostic tests and treatments for new crown pneumonia. Amazon has released the "AWS diagnostic development plan", which initially invested 20 million US dollars to speed up the understanding and detection of new crown pneumonia and launch a more efficient and accurate diagnostic solution as soon as possible. Tesla CEO Elon Musk also expressed his intention to produce ventilators on social networks.

In this process, cooperation between enterprises and governments should not be absent. As early as in February 29th, Bill Gate, founder of Microsoft Corp, published an article in the new England Journal of medicine, pointing out that "new crown pneumonia" may become an unprecedented epidemic. Global leaders should act immediately without delay.

"Leaders from all over the world should act quickly to speed up R & D, and at the same time unite to improve the global response to the pandemic." Shen Xiangyang, the global executive vice president of the former Microsoft Corp, pointed out that "facing the global crisis, we should be more open minded, rigorous and persevering in the spirit of gathering talents in the world to solve the problems we face together."

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