3 Tech Stocks That Are Thriving Amid Coronavirus

Three tech stocks that are thriving amid coronavirus are Peloton Interactive (NASDAQ: PTON), Spotify (NYSE: SPOT), and Netflix (NASDAQ: NFLX). Here's why.

Peloton's business was on fire even before COVID-19 reared its ugly head in the U.S. in March. The business has doubled its Connected Fitness subscribers -- those who own the bike or Tread and subscribe to the interactive content -- during each of the company's last two fiscal years and is on pace to do so again this year.

Considering the widespread closure of gyms and other fitness facilities as a result of COVID-19, and the general desire to stay at home, demand for Peloton bikes has overwhelmed supply, leaving the company scrambling to increase manufacturing capacity. Bike production quickly doubled by June compared to the early March pre-COVID pace, yet order-to-delivery times are still several weeks longer than usual.

Source Fool.com