What happened Shares of Zoom Video Communications (NASDAQ: ZM) climbed on Thursday, as COVID-19 case counts surged across the U.S. As of 2:35 p.m. EST, Zoom's stock was up more than 4%. So what More than 140,000 new COVID-19 cases were recorded in America on Wednesday alone, according to a CNBC analysis of data compiled by Johns Hopkins University. Worse still, hospitalizations are mounting quickly. Health officials, in turn, are warning that the country's already strained medical infrastructure could soon be stretched thin. To slow the spread of COVID-19, governors in several states imposed new restrictions on bars, restaurants, and other large gatherings. Meanwhile, Dr. Michael Osterholm, a coronavirus advisor to President-elect Joe Biden, said a second national lockdown of four to six weeks could be needed to control the coronavirus until a vaccine is available. Zoom Video Communications' stock rose on Thursday even as the markets fell. Image source: Getty Images. These alarming trends are once again driving investors to seek shelter in Zoom's stock. Demand for the cloud-based video communications platform's services could rise sharply if more lockdowns are enacted. Now what Zoom's business has expanded at a torrid clip during the pandemic. Its revenue soared 355% to $663.5 million in the second quarter, while its adjusted net income rose more than tenfold to $274.8 million. With the COVID-19 crisis looking as if it will get worse before it gets better -- and with the prospect of more lockdowns on the horizon -- demand for Zoom's video technology should continue to grow. Find out why Zoom Video Communications is one of the 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* Tom and David just revealed their ten top stock picks for investors to buy right now. Zoom Video Communications is on the list -- but there are nine others you may be overlooking. Click here to get access to the full list! *Stock Advisor returns as of October 20, 2020 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Zoom Video Communications. The Motley Fool has a disclosure policy.Source