Internet ETFs To Keep Rising Amid Worsening Coronavirus Crisis

The coronavirus outbreak seems to be getting severe in the United States as it has again set a new daily record of 77,255 new cases on Jul 16. Per a CNN report, at least 39 U.S. states are seeing rising new cases from the prior week with hospitals in California, Florida, Arizona and Texas reportedly facing scarcity of beds.

In fact, a closely-observed model is now predicting 224,000 deaths related to coronavirus in the United States by Nov 1, which is 16,000 more deaths than the prediction made last week, per a CNN report. In order to fight the rising number of cases, states like California, Texas, Florida, Los Angeles, San Diego and Oregon along with others have halted or rolled back the reopening process, per a CNN report. California, for instance, is closing down all indoor restaurants, wineries, movie theaters, zoos, museums and bars.

The second half of 2020 is expected to keep facing the brunt of the pandemic as the second wave of the outbreak is gathering steam.In the current scenario, the rising work-from-home and online shopping trend, increasing digital payments, growing video streaming and soaring video game sales are slowly becoming the “new normal.” With the new trends making way, Internet will continue to be a major requirement in daily lives.

Evidently, cloud computing has emerged as a key technology in the fight against coronavirus. It is supporting organizations in remotely processing a lot of information, developing and running key applications and services, and helping employees across the world collaborate while working. The work-from-home model has bumped up sales of PCs, laptops and other kind of computer peripherals.

More and more people are spending time at home, in line with social-distancing guidelines due to the pandemic woes. As a result, they are resorting to streaming platforms like Netflix (NFLX), Amazon Prime or Disney+ (DIS) or turning to social media platforms like Facebook (FB) and Twitter (TWTR) for in-house entertainment.

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