Shares of Zoom Video Communications (NASDAQ: ZM) climbed on Thursday, as COVID-19 case counts surged across the U.S. As of 2:35 p.m. EST, Zoom's stock was up more than 4%.
More than 140,000 new COVID-19 cases were recorded in America on Wednesday alone, according to a CNBC analysis of data compiled by Johns Hopkins University. Worse still, hospitalizations are mounting quickly. Health officials, in turn, are warning that the country's already strained medical infrastructure could soon be stretched thin.
To slow the spread of COVID-19, governors in several states imposed new restrictions on bars, restaurants, and other large gatherings. Meanwhile, Dr. Michael Osterholm, a coronavirus advisor to President-elect Joe Biden, said a second national lockdown of four to six weeks could be needed to control the coronavirus until a vaccine is available.
Source Fool.com