The technology sector is in an interesting place today. On the one hand, technology has historically tended to be cyclical, with technology demand fluctuating with GDP growth. On the other hand, technology is achieving more extraordinary feats by the day, and is helping to solve a lot of the problems caused by coronavirus. That may actually lead to a surge in demand for some tech products and services due to the stay-at-home economy. These cross-currents came into focus in the first quarter earnings release of technology bell-weather Taiwan Semiconductor Manufacturing (NYSE: TSM).

The technology sector is in an interesting place today. On the one hand, technology has historically tended to be cyclical, with technology demand fluctuating with GDP growth. On the other hand, technology is achieving more extraordinary feats by the day, and is helping to solve a lot of the problems caused by coronavirus. That may actually lead to a surge in demand for some tech products and services due to the stay-at-home economy. These cross-currents came into focus in the first quarter earnings release of technology bell-weather Taiwan Semiconductor Manufacturing (NYSE:TSM).