The tech sector doesn’t exist in a vacuum … service business owners and employees are a market for their products and services. Once temporary unemployment and bridge loans run out…
If a large portion of the population stops using service businesses because of fear of being infected (even after “reopening”), this will have knock-on effects that will come months to a year from now.
FOR NOW, certain segments of tech are doing well because there was a buying surge — people needed equipment and services to be able to work from home. This many be balanced out by increased unemployment and underemployment in the near future.