|Day's Range||8.85 - 9.15|
If there's one stock I never fully understood the hype behind, it's Zoom Video Communications (NASDAQ: ZM). Videoconferencing was not a new phenomenon in 2020 by any means, but at the outbreak of the pandemic, Zoom's stock surged in value. Despite its fall from grace over the past few years, Zoom is still a risky stock and one that you should think twice about owning.
Cathie Wood manages several funds through her company Ark Invest that focus on innovative growth. While no company or investment analyst can promise comparable growth, investors hold tremendous potential for outsized gains with Roku (NASDAQ: ROKU) and Zoom Video Communications (NASDAQ: ZM). Roku currently makes up about 5.6% of Cathie Wood's combined portfolios, and it has become more troubled as of late.
Zoom faces significant headwinds in the post-pandemic period, but it should rebound once the economy improves.