Increasing online activities amid remote lifestyles have been upping the usage of search engines. And companies that provide search engines have been benefiting significantly by offering personalized user experiences and efficiently promoting products and services provided by businesses. Despite intense competition, efforts made by Baidu (NASDAQ:BIDU) and Yandex (NASDAQ:YNDX) to provide secure online services and relevant content are likely to deliver substantial growth. But let’s find out which of these stocks is a better buy now.Baidu, Inc. (BIDU) is a Chinese company that provides internet search and online marketing solutions. The company operates through two segments—Baidu Core and iQIYI. The search platform on its website allows users to find information online, including webpages, news, documents, multimedia files, voice assistance, online storage, and navigation services.
(Note that BIDU is one of the few stocks handpicked by our Chief Growth Strategist, Jaimini Desai, currently in the POWR Growth portfolio. Learn more here.)
Yandex N.V. (YNDX) is a Netherlands-based Internet and technology company that provides search engines and online services. The company operates through six segments—search & portal, taxi, Yandex.Market, media services, classifieds, other business units and initiatives. It offers search, and location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.