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Nomura Adjusts Price Target on Baidu to $110 From $130, Maintains Buy Rating
Chinese Tech Giants Continue to Splurge on AI Despite U.S. Chip Restrictions
Xgimi Technology (688696.SH) shareholders Baidu Network News and Baidu Biwei jointly reduced the company's shareholding by 1.74%.
Jimi Technology (688696.SH) announced in a statement that it received a message from its shareholder Baidu on August 23, 2024...
Baidu's Ad Revenue Decline Could Worsen in 3Q -- Market Talk
[Brokerage Focus] Bocom intl cuts Baidu's (09888) target price to 115 Hong Kong dollars, expecting the core advertising revenue growth rate in the third quarter to be weaker than in the second quarter.
Golden Financial News | Bocom Intl issued a research report stating that Baidu (09888) had a Q2 2024 revenue of 33.9 billion yuan, basically flat year-on-year, and in line with the bank/market expectations. Adjusted net income was 7.4 billion yuan, corresponding to a net margin of 22%, exceeding the bank/market expectations of 14%/11%. Baidu's core revenue/adjusted operating profit for Q2 2024 increased by 1%/8% compared to the same period last year. 1) Advertising revenue decreased by 2% YoY, with real estate, investment, and automotive industries remaining weak. 2) Smart cloud revenue accelerated its YoY growth rate to 14%, benefiting from generative AI and large-scale model increment driving, as well as the migration to GPU cloud customers.
[Brokerage Focus] Guosen Securities maintains a buy rating on Baidu (09888) and is bullish on the role of AI in driving search advertising and Asia Vets cloud.
Jingu Finance | Guosen Securities issued a research report, indicating that baidu (09888) achieved total revenue of 33.9 billion yuan in 2024Q2, a decrease of 0.5% year-on-year. Baidu's core revenue was 26.7 billion yuan, a year-on-year increase of 1%, and iqiyi's revenue was 7.4 billion yuan, a year-on-year decrease of 5%. In 2024Q2, Baidu Group achieved a net income attributable to the parent company of 7.4 billion yuan after adjustment, a decrease of 7.5% year-on-year, with an adjusted net income attributable to the parent company ratio of 22%. Among them, Baidu's core achieved an adjusted net income attributable to the parent company of 7 billion yuan, an increase of 7.5% year-on-year, with an adjusted net income attributable to the parent company ratio of 26%. The bank pointed out that Apollo Go in the second quarter to the public
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bullrider_21 OP : Google's Waymo operated 2 million rides to date.