Google and PayPal Lead Tech Giants Amid Economic Uncertainty
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Alphabet (Google) has over 90% search engine market share, making it a cash cow, while Google Cloud is becoming profitable and has high growth potential.
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Okta provides identity verification solutions with a $30B addressable market, and its recent breach is unlikely to substantially impact its strong growth trajectory.
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Baidu dominates China's online search market with 60-85% share over the past 9 years, and its AI cloud and autonomous driving initiatives have strong growth runway.
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PayPal continues double-digit payment volume growth despite economic fears, with increased user engagement driving revenues.
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New PayPal CEO Alex Chriss is reducing costs to bolster margins while repurchasing shares at all-time valuation lows.