It's only based on assumption, but it's a fair assumption. The usage of the Zoom(with ticker $ZM) software has been booming due to the pandemic, and the ZOOM Technologies, Inc. company(with ticker $ZOOM, the comany having no connection with the Zoom software) rose a lot in stock price without any fundamental reason.
I understand your point of view but don't you think that "correlation is not causation"?
For example
