The technology sector has become much more reliant on China over the past 20 years.

Smartphones, chips and memory
Apple is the most prominent example of technology companies’ dependence on China’s economy and manufacturing facilities. The discussion around the coronavirus has been woven throughout recent Apple filings, more than any other company. Supply in memory chips, DRAM (dynamic RAM chips used in PCs, work stations and servers) and NAND storage (solid state flash memory) is expected to decline because of factory shutdowns.

The evolving workplace
Travel restrictions and canceled conferences are creating large strains on the overall travel and hospitality sectors. But with more people working from home, companies that focus on this shift are benefiting. A good example is Zoom, the videoconferencing unicorn whose stock has soared nearly 85% as the coronavirus as spread. Zoom had an impressive initial public offering in April 2019, opening at $36 per share and settling in at $62 on that day, and has since crossed $100 per share.