Ad-reliant Alphabet will struggle over the next year: Analyst
With Apple, Amazon, Facebook and Alphabet releasing quarterly earnings on the same day, Tom Forte of D.A. Davidson discusses the divergent impact of the Covid-19 pandemic on the four tech firms. He attributes the success of Apple and Amazon to the shift to e-commerce and fresh enthusiasm for hardware. However he says that Alphabet is in a "tough position" due to its reliance on ad revenues, and predicts the firm will struggle over the next 6-12 months.