Coronavirus Bear Market: 2 Tech Stocks With Enough Cash to Survive the Pandemic

The novel coronavirus pandemic is on the minds of so many individuals and businesses around the world right now. As COVID-19 has forced the shutdown of so much of the economy, the primary objective of many companies has been to shore up enough liquidity to survive an extended period of contracting sales.

Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are two tech giants that, for a long time, have kept vast reserves of cash on their balance sheets. Even as shareholders pressured both companies to utilize the cash pile, the two proceeded cautiously and only returned a portion of that capital to shareholders.

Now, the two tech giants are the envy of so many businesses who are regretting their lack of disaster readiness. Let's look at just how much money is on the balance sheet for these two companies and some potential ways they could put it to use now.

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Source Fool.com