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The COVID-19 Discount, Alphabet

Long
NASDAQ:GOOG   Alphabet Inc (Google) Class C
On an aggregate scale, the COVID-19 induced outbreak has hit large-cap enterprises around the globe. Cost-cutting measures will be implied towards ad spending and I.T investments which in return results with Alphabet´s cloud and digital ad streams being impacted negatively in the near term. On the other hand, the discount in price is favorable for long plays for the long term. Google Cloud is still a top cloud infrastructure player as cloud spending on the enterprise side can continue for a long time as companies seeking scale are shifting to the cloud.

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