Posted 1/3/2024, 12:39:00 PM
Alphabet Poised to Outperform Baidu Despite Cheaper Valuation
- Alphabet and Baidu generate most revenue from online ads, leaving them vulnerable to macro and competitive threats
- Alphabet recovering from 2022 ad slowdown; cloud growth lagging Microsoft
- Baidu ad business stabilizing thanks to managed business pages, but cloud and transportation facing headwinds
- Alphabet expected to see stronger growth in 2023-2024 vs more moderate outlook for Baidu
- Alphabet's superior scale, diversification, and growth make it a better investment pick than cheaper Baidu