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Why CrowdStrike, Zoom Video Communications, and ZoomInfo Technologies Just Crashed Again

Why CrowdStrike, Zoom Video Communications, and ZoomInfo Technologies Just Crashed Again

This certainly hasn't been a great week to own tech stocks. Since trading closed for the week last Friday, and through 12:40 p.m. EDT today, cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) is down 8%, videoconferencing company Zoom Video Communications (NASDAQ: ZM) has fallen 8.7%, and the confusingly similarly named software-as-a-service company ZoomInfo Technologies (NASDAQ: ZI) has dropped 13%. While that may be true, the fact is that there does appear to be a reason for investors suddenly getting nervous about the stock market in general -- and high-flying tech stocks in particular -- and just like earlier this year, its name is COVID-19.