Here is how Baidu Inc. (BIDU) and Genius Sports Limited (GENI) have performed compared to their sector so far this year.
Baidu Inc. (BIDU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
China's Baidu and electric vehicle battery giant CATL will jointly explore the development of "competitive" driverless vehicles and innovative business models, the companies said on Thursday.
China's Baidu will launch the next generation of its artificial intelligence model Ernie in mid-March, which will see improved capabilities in areas such as reasoning, a source with direct knowledge of the matter said.
Chinese internet giant Baidu said on Tuesday it had purchased social media platform JOYY Inc's livestreaming business for $2.1 billion, a year after it canceled a deal partly because it failed to get government approval.
Baidu said on Tuesday it has acquired JOYY's live-streaming business in mainland China in a deal for about $2.1 billion.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Benchmark analyst Fawne Jiang reiterated Baidu BIDU with a Buy rating and a $130 price target.
Baidu's 4Q24 results were mixed, with Baidu Core revenue slightly beating estimates but iQIYI revenue missing expectations, leading to a cautious outlook. The company's AI leadership is under threat from competitors like DeepSeek and Apple's partnership with Alibaba, raising concerns about its future competitiveness. Advertising revenue continues to decline due to China's weak macro environment, with no visible turnaround expected, impacting Baidu's overall growth prospects.
Despite recent underperformance, I remain long-term bullish on Baidu due to its undervaluation and growth potential in AI, cloud, and autonomous driving. Baidu's Q4 and FY 2024 results showed mixed performance, with revenue declines but significant EPS growth driven by higher "other income.". Baidu faces challenges in its core search business, losing market share to Bing, but its AI Cloud and Apollo Go show promising growth.
Baidu, Inc. (NASDAQ:BIDU ) Q4 2024 Earnings Conference Call February 18, 2025 7:30 AM ET Company Participants Juan Lin - Director, Investor Relations Robin Li - Co-Founder & Chief Executive Officer Junjie He - Interim CFO Conference Call Participants Alicia Yap - Citigroup Lincoln Kong - Goldman Sachs Alex Yao - JPMorgan Gary Yu - Morgan Stanley Wei Xiong - UBS Miranda Zhuang - Bank of America Securities Thomas Chong - Jefferies Operator Hello and thank you for standing by for Baidu's Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.
Baidu (BIDU) shares are slumping after the company saw profits decline last quarter. Brendan Ahern of Kraneshares said that the company's outlook is being hurt by the lack of stimulus and growth in the Chinese economy.