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<Research>BofAS Expects BIDU-SW's Total Core Biz Revenue to Turn Positive in 2Q26
Recommend 4 Positive 7 Negative 2 |
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BIDU-SW (09888.HK) has independently developed a comprehensive AI full-stack infrastructure and services, including self-developed AI chips capable of attracting third-party customers, globally leading autonomous taxis, rapidly growing cloud business, advanced large models, and multi-scenario applications, BofA Securities wrote in its research report. The report also highlighted that BIDU-SW's AI-related business revenue grew by 50% YoY to RMB10 billion in 3Q25, accounting for about 40% of the company's total core business revenue. BofA Securities anticipates BIDU-SW's AI-related business to maintain high growth, gradually offset the decline in traditional business, and push the total core business revenue toward the positive end in 2Q26. The broker reiterated a Buy rating on Baidu (BIDU.US), with a target price of USD151. BIDU-SW's target price was set at HKD148. AAStocks Financial News |
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