US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Baidu Inc. (BIDU) Stock Moves -0.58%: What You Should Know
Shanghai Auto Parts (603107.SH) has not yet become a supplier of self-driving cars for Baidu.
On July 19, Guolonghui reported that an investor asked Shanghai Auto Parts on the investor interaction platform, 'Does your company's product have a use in Baidu's self-driving cars?' The company replied that it has not yet become a supplier of Baidu's self-driving cars.
YaChuang Electronics (301099.SZ): Continuously provides high-quality distribution business and self-developed IC products for Baidu autos and other vehicle manufacturers.
Yachang Electronics (301099.SZ) stated on the investor interaction platform on July 19th that the company is bullish on the broad development space of the automotive industry with the development trend of electrification, intelligence, and networking of automobiles. The company's development strategy still focuses on the layout of the automotive electronics field. As one of the suppliers of Baidu Autos, the company will continue to provide high-quality distribution business and self-developed IC products for Baidu Autos and other vehicle manufacturers in the long term. Meanwhile, the company will do a good job in technical reserve support and can provide customers with professional software and hardware solutions to contribute to the development of the automotive industry.
Guangting Information (301221.SZ): Income from Baidu is relatively small and has a minor impact on the company's performance.
On July 19, GeLongHui reported that GuangTing Information (301221.SZ) recently received a specific inquiry regarding whether the company has any layout in robotaxi, and whether the company can provide the detailed information about its cooperation with Baidu or its subsidiary. The company responded that it has no cooperation with Baidu's sub-brand, Luobo Kuaipao, at present. In 2023, the company reached a strategic cooperation agreement with Baidu Intelligent Cloud, relying on Baidu's leading ability in big model, the two will jointly promote the research of super software factory based on big model application, and provide map data processing and testing technical services for Baidu's subsidiary. The company is from Baidu.
Hangzhou Zhongheng Electric (002364.SZ): Baidu is one of the customers of the company's datacenter power business.
Hangzhou Zhongheng Electric (002364.SZ) stated on its investor interaction platform on July 19th that Baidu is one of the customers of the company's datacenter power business.
Brokerage focuses on Baidu Group (09888) and gives it a first-time "recommendation" rating, stating that Wenxin Big Model and ZhiJia will create a new growth curve.
Jingu finance news | Fangzheng Securities' research point out that the recent volatility in Baidu Group's stock price due to short-term fluctuations brought by Robin Li's resignation. If Tesla releases its self-driving ride-hailing service, Robotaxi in October, and it drives the industry to accelerate industrialization, the value of Baidu's intelligent driving business may be re-evaluated. Currently, due to the high costs of hardware, software, and safety personnel, the operation cost of Robotaxi is higher than that of online car-hailing and taxi services. However, with optimized supply chain and economies of scale, according to Frost & Sullivan data, the operating cost of Robotaxi can be reduced to
Top Gap Ups and Downs on Thursday: NVS, PGR, INFY and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
Baidu Inc. (BIDU) Stock Moves -0.21%: What You Should Know
"The most powerful and cost-effective"! OpenAI releases GPT-4o mini model.
Starting from Thursday, GPT-4o mini will be available to free users of ChatGPT, ChatGPT Plus, and team subscribers, and will be available to ChatGPT enterprise users next week. OpenAI plans to integrate images, videos, and audio into this model in the future.
Hesai Technology to Provide Long-Range Lidar For Baidu Robotaxi Platform
Hesai Technology (HSAI) said Thursday it will be the exclusive long-range lidar supplier for Baidu's (BIDU) Yichi 06 robotaxi platform.Based on Baidu's intentions to deploy 100,000 robotaxi vehicles
[Brokerage Focus] Guoyuan International: Continuous implementation of policies improves business efficiency with AI technology. The internet plus-related industry still has investment value overall.
Jingu Caixun | Guoyuan International Research pointed out that overall, due to the current stage of China's economy and consumption in the recovery phase, some Internet companies may face the risk of slowing performance growth or falling short of expectations as the mid-term disclosure period approaches. However, in the face of the tactical return of overseas funds, Hong Kong shares have already seen a significant repair in valuation multiples. Although the improvement of the fundamentals of Internet companies under macroeconomic pressure is limited, the current industry still has investment value due to the widespread buybacks and relatively low valuations of Internet companies, as well as the continuous implementation of policies and the gradual transformation of business with AI technology to improve efficiency. In addition, with the summer box office season,
Top Gap Ups and Downs on Wednesday: TSM, NVO, ASML and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
[Brokerage Focus] Bocom Intl maintains a buy rating for Baidu (09888), as short-term pressure is expected for advertising in the second quarter, and core revenue is expected to remain flat year-on-year.
Bocom Intl released a research report stating that it is expected that in the second quarter of 2024, Baidu's core revenue will remain flat, with core revenue of 26.4 billion yuan (RMB, same below), a decrease of 3% from the previous. Mainly due to short-term pressure on advertising; adjusted net income is 6.69 billion yuan, corresponding to a profit margin of 25%, compared with VisibleAlpha's expected revenue growth rate of 0.9% and operating profit of 6.5 billion yuan. Baidu's (including iqiyi) revenue is expected to be 34.3 billion yuan, an increase of 0.9% YoY, and adjusted net income is 6.8 billion yuan, corresponding to a profit margin of 19.8%. The bank expects advertising revenue to decline by 3% YoY to 1.
The next trend for generative AI could be the TTT model.
The 'brain' of the Transformers architecture that supports models such as Sora is a lookup table and so-called hidden states. Unlike Transformers, TTT does not continuously grow as it processes more data. It replaces hidden states with machine learning models, like nested dolls of AI, which is within a model.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
Peeling Back The Layers: Exploring Baidu Through Analyst Insights
9 analysts have expressed a variety of opinions on Baidu (NASDAQ:BIDU) over the past quarter, offering a diverse set of opinions from bullish to bearish.The following table summarizes their recent
Express News | Shares of Chinese Stocks Are Trading Lower Amid Reports Suggesting the Biden Administration Is Considering Chip Sale Restrictions on China, Which Could Drive US-China Tensions
CMBI Maintains Baidu(BIDU.US) With Buy Rating, Maintains Target Price $183
CMBI analyst Saiyi HE maintains $Baidu(BIDU.US)$ with a buy rating, and maintains the target price at $183.According to TipRanks data, the analyst has a success rate of 51.6% and a total average
Barclays Adjusts Price Target on Baidu to $125 From $133, Maintains Overweight Rating
Baidu (BIDU) has an average outperform rating and a price target range of $81.94 to $183, according to analysts polled by Capital IQ.Price: 91.74, Change: -1.99, Percent Change: -2.12