The next phase of technology has been established: machine learning and AI will revolutionize the world for the better. Although it might seem like these stocks are trading in a bubble, investors need to keep a discerning and keen long-term vision for these disruptive, emerging technologies.
Given the rise of investor interest in artificial intelligence, finding an undervalued stock in this category is increasingly rare.
Baidu beat on sales and earnings this morning. Earnings nonetheless declined 6% year over year, and sales grew only 1%.
Baidu Inc. (NASDAQ:BIDU ) Q1 2024 Earnings Conference Call May 16, 2024 8:00 AM ET Company Participants Robin Li - Chairman, Chief Executive Officer Rong Luo - Chief Financial Officer Dou Shen - Executive Vice President Juan Li - Director, Investor Relations Conference Call Participants Alicia Yap - Citigroup Gary Yu - Morgan Stanley Alex Yao - JP Morgan Lincoln Kong - Goldman Sachs Thomas Chong - Jefferies Billie Wan - UBS Miranda Zhuang - Bank of America Securities Operator Hello, and thank you for standing by for Baidu's first quarter 2024 earnings conference call. At this time, all participants are in listen-only mode.
Chinese internet services giant Baidu on Thursday reported better-than-expected sales and earnings. But Baidu stock fell.