I had not seen this posted yet
https://www.abc.net.au/news/2020-07-15/tech-stock-bubble-warnings-amid-coronavirus-rally/12455410Australian cloud company archTIS has also seen its share price rise during the pandemic.
Its secure online platform Kojensi is accredited by both the US National Security Agency and Australian Signals Directorate for top-secret information sharing online.
It was commercialised last year.
"We've had a number of early adopters, including the Attorney-General's Department, the Commonwealth Ombudsman, and we made a sale to the Australian Criminal Intelligence Commission as well," archTIS chief executive Daniel Lai said.
archTIS CEO Daniel Lai says demand for secure cloud access is growing rapidly.(ABC News: Luke Stephenson)Its share price dipped from 13 cents at the start of the year to 5 cents in March, but traded as high as 20 cents earlier this month after signing a deal with American global aerospace and defence technology company Northrop Grumman.
"COVID-19 has seen that challenge of the workforce move from an office environment to a remote environment, of course Kojensi is a software-as-a-service cloud platform for secure content collaboration, so it fits that bill from moving to that work-from-home environment," Mr Lai observed.
He said his company's share price growth had not just been caught up by the broader momentum.
"The geopolitical situation, with the tension between China and Australia, has also affected that and the announcement from the Prime Minister of the unprecedented amount of hacking that's been going on in Australia also highlights that that there's a real need for these sorts of platforms of technologies," Mr Lai added.
While Mr Montgomery was sceptical about the rapid growth in technology stocks across the board, he said data sharing was an area he was looking at.
"We know that demand for data is going up, we know demand for storage is going to increase beyond the coronavirus pandemic and that's an area within technology where we think there's still a lot of opportunity for investors," he said.
If prices do come down like they did in the dot-com era, Mr Griffin from Munro Partners thinks it will just be a blip.
"Computers around the world are getting faster every year and so disruption accelerates every year," he said.
"It's important to recognise that even if COVID-19 went way tomorrow, this will still happen.
"This is the revolution of our lifetime."
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