Why Zoom Stock Surged Today
Shares of Zoom Video Communications (NASDAQ: ZM) jumped nearly 10% on Friday amid reports of surging coronavirus infections.
The omicron variant is spreading rapidly around the world. Health officials are concerned that soaring COVID-19 case counts could soon overwhelm hospitals and other medical facilities.
Companies such as Apple and Alphabet's Google have responded by delaying their plans to return to their corporate offices. Due to the uncertainty surrounding omicron and this latest COVID-19 surge, many businesses are instructing their employees to prepare to work from home for an indefinite period.
Source Fool.com
