Alphabet and Baidu: A Comparison of Tech Giants' Growth Outlooks Despite Macro Uncertainties
• Alphabet and Baidu have similarities as tech giants focused on search, AI, cloud, and streaming video platforms • Both generate most revenue from online ads, leaving them vulnerable to macro and competitive threats • Alphabet forecasts stronger near-term growth, while Baidu faces China tech uncertainties • Alphabet trades at 21x forward earnings with 8% 2023 revenue growth expected • Baidu valuations compressed despite faster 27% 2023 earnings growth outlook