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Baidu Inc. (BIDU) Stock Moves -1.07%: What You Should Know
US stocks closed: 'Big Seven' all defeated, S&P and Nasdaq hit the largest decline in nearly two months.
1. PHLX Semiconductor Index fell more than 4%; 2. The China Concepts Stock Index dropped 1.3%; 3. Apple's Greater China revenue fell short of expectations; 4. Guo Mingchi: The possibility of super micro computer suspension or delisting is increasing.
Benchmark Co. Maintains Baidu(BIDU.US) With Buy Rating, Maintains Target Price $135
China's PMIs Show Glimmers of Improvement Ahead of NPC
[Brokerage Focus] Bocom Intl cuts Baidu (09888) target price, expecting third-quarter core business revenue to be under pressure.
King's Financial News | Bocom Intl releases a preview of Baidu (09888)'s 3rd quarter performance, expecting Baidu's core revenue to decrease by 0.8% year-on-year, revised down from 2.6% previously, mainly due to pressure on advertising business growth. It is expected that Baidu (including IQiyi) will see a 3% year-on-year revenue decline, with a net margin adjusted to 19%. The bank points out that Baidu's core business revenue growth will face further pressure in the 3rd quarter. 1) Advertising: The bank expects revenue to decline by 4.4% year-on-year, revised down from 3.6% previously, mainly due to some industry advertisers still having relatively weak demand, and the large-scale monetization of user-side AI search transformation has not yet begun. 2) Cloud: Maintaining double-digit growth forecasts.
10 Communication Services Stocks With Whale Alerts In Today's Session
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