Baidu has been an early adopter of AI for its business operations. AI could help Baidu grow its cloud-computing and autonomous-driving businesses.
Baidu Inc BIDU will be reporting its second-quarter earnings on Thursday. Wall Street expects $2.76 in EPS and $4.4 billion in revenues as the company reports before market hours.
Baidu's search engine has a huge market share in China. The company is heavily invested in the artificial intelligence industry.
Baidu is undervalued, with an enterprise value of only about $20 billion, while having $20 billion in sales this year. Baidu's trend of exceeding earnings estimates could continue, leading to higher profitability and stock growth. Baidu's potential in autonomous driving, search engine dominance, and AI initiatives could drive significant revenue and profitability growth.
Baidu trades at levels first seen in 2011 despite strong growth catalysts. The Chinese search leader will report Q2 earnings on August 22, revealing if Apollo Go robotaxis and generative AI can drive revenue growth. The stock trades below 8x '25 EPS targets, while startup units are depressing margins.
Scion Capital increased exposure to Chinese stocks, particularly Baidu, by 54% in Q2 filings. Baidu's revenue growth has been slow, impacted by government policies and global competition and slacking user monetization. Despite Baidu's valuation premium looking enticing, the risks against investing in Baidu is elevated given the slow growth in revenue and earnings.
Baidu is a dominant search engine in China, but its future growth lies in autonomous driving technology. Apollo Go, Baidu's robotaxi service, is expanding and expected to reduce losses in the Intelligent Driving division. Despite short-term challenges, Baidu is expected to continue growing and is trading at a low PE ratio with significant upside potential.
Stock market corrections allow opportunistic long-term investors to pounce on amazing companies at a discounted price. A cash-rich business that's the undisputed leader in internet search in its home market is ripe for the picking.
Baidu is a potentially underrated artificial intelligence stock with a fast-growing chatbot. United Airlines stock has been struggling since the pandemic, but its financials have been improving.
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.
Chinese search engine behemoth Baidu's stock (NASDAQ: BIDU) is poised to report its Q2 2024 earnings around August 22. We expect Baidu's revenues to come in at $4.7 billion for the quarter, roughly flat compared to last year and in line with consensus estimates.
Baidu Inc. (BIDU) closed the most recent trading day at $83.01, moving +0.75% from the previous trading session.