News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Haitong Int'l Initiates Coverage on BIDU-SW (09888 HK) w/ Outperform Rating, $171 TP
Haitong International's report initiated coverage on BIDU-SW (09888 HK) at Outperform with a target price of HK$171. As the AI ​​technology wave gradually moves fro...
Reset
Send
The window will close in 5 seconds
<Research>Haitong Int'l Initiates Coverage on BIDU-SW (09888 HK) w/ Outperform Rating, $171 TP
Close
Recommend
5
Positive
5
Negative
0
 
SHORT SELL
 
STOCK INFO

Haitong International's report initiated coverage on BIDU-SW (09888 HK) at Outperform with a target price of HK$171. As the AI ​​technology wave gradually moves from exploration to large-scale implementation, Baidu, as one of the leading AI companies in China with a full-stack deployment, deserves close attention for its strategic positioning and commercial prospects, the broker opined.

Baidu disclosed the revenue of its AI-powered new initiatives for the first time this quarter, which grew by 50% YoY, accounting for 39% of Baidu's core business revenue. In addition, on November 25, Baidu announced the establishment of two new technology R&D organizations: a Basic Model R&D Department responsible for developing highly intelligent and scalable general-purpose AI models, and an Application Model R&D Department responsible for optimizing and exploring specialized models needed for business application scenarios. Both report to Baidu CEO Robin Li. The company will continue to deeply explore AI-related businesses in the future. Haitong International believed this will help Baidu accelerate the monetization process of its AI products.

Related NewsBofAS Expects BIDU-SW's Total Core Biz Revenue to Turn Positive in 2Q26

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.