BIDU heads into Q3 with rising AI and autonomous momentum but faces softer advertising trends and heavier investment pressure.
Baidu unveiled two artificial intelligence chips as Chinese tech giants ramp up their chip-making efforts amid China's push for technological self-sufficiency.
Baidu unveiled two new semiconductors for artificial intelligence on Thursday, saying the products can provide Chinese companies with powerful, low-cost and domestically controlled computing power.
In the most recent trading session, Baidu Inc. (BIDU) closed at $128.94, indicating a -2.28% shift from the previous trading day.
Baidu's online marketing business is facing a double whammy, with a 15% Q2 decline and a bleak Q3 guide. This is the main story the market is focused on. However, the market is mispricing Baidu as a declining ad business, completely ignoring its rapid and successful transformation into a full-stack AI hyperscaler. Baidu's in-house chip development mirrors Google's and Amazon's, de-risks the business geopolitically, and is already winning billion-RMB contracts.
Recently, Zacks.com users have been paying close attention to Baidu Inc. (BIDU). This makes it worthwhile to examine what the stock has in store.
Baidu is quietly positioning itself as one of the most comprehensive AI platforms in the world, combining its dominant search businesses, LLM, AI-centric cloud infrastructure, and the largest robotaxi fleet on the planet.
Baidu's Apollo Go robotaxi unit said fully driverless weekly rides as of Oct. 31 have now surpassed 250,000 orders. Alphabet's Waymo reported the same number of paid weekly robotaxi rides in the U.S. back in April.
Baidu Inc. (BIDU) closed the most recent trading day at $121.81, moving 4.54% from the previous trading session.
Recently, Zacks.com users have been paying close attention to Baidu Inc. (BIDU). This makes it worthwhile to examine what the stock has in store.
Baidu Inc. (BIDU) concluded the recent trading session at $120.48, signifying a +2.95% move from its prior day's close.
BIDU's AI Search shift aims to replace static links with intuitive, conversational and multimodal interactions.