Not even the coronavirus can stop tech. The market as a whole might be coming under pressure, but that hasn’t stopped some of tech’s biggest leaders from giving absolutely astounding earning’s reports. Veteran companies with massive market caps are achieving the kinds of earnings numbers that someone would expect to see out of up and coming startups. The cloud services industry has given Silicon Valley firms a path to profit margins and cash flow that used to be impossible. And as for semiconductors, we still can’t have the modern economy without them. Outside news like coronavirus might still cause some instability in the short term, but in the long term, the outlook is good. If that pressure keeps up, then this could be a great chance to buy great stocks for great prices.
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