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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
Tesla, Waymo, Uber Lead Charge in $1T Robotaxi Race - Who's Positioned to Win?
Robotaxi Stunner: Waymo Hits Milestone of 150,000 Paid Autonomous Trips a Week
US stocks closed: Nasdaq rose for the fourth consecutive time to a new high. The seven giants and chip stocks strengthened overall.
①Nasdaq China Golden Dragon Index fell by 1.44%; ②Google's quarterly revenue and EPS both exceeded expectations; ③Musk: It is expected that the number of robots will exceed humans by 2040; ④OpenAI reportedly plans to collaborate with Broadcom and Taiwan Semiconductor to jointly develop self-designed chips.
Baidu, Inc. (NASDAQ:BIDU) Faces Investor Concerns Over AI Ambitions, Stock Volatility
Express News | China Plans to Approve Raising of Fresh 10 Trillion Yuan Debt via Special Treasury, Local Government Bonds in Next Few Years. China Might Announce Stronger Fiscal Package if Trump Wins U.S. Presidential Election.
Omdia: It is expected that the Asia-Pacific generative AI market will reach 24.2 billion by 2025 and nearly double by 2028.
The large-scale model market in china has emerged from the initial chaos after twenty months of baptism. The layouts of major manufacturers are becoming clearer, preparing for a new round of growth.
The internet plus-related sector is showing strong performance. jd.com (09618) rose by 3.86%. UBS Group indicated that competition in the industry has tended to ease.
Golden Finance News | The internet sector is showing strong performance, jd.com (09618) up 3.86%, Meituan (03690) up 3.73%, baidu (09888) up 3.56%, netease (09999) up 3.15%, alibaba (09988) up 2.17%.
US stock market closing: China's "Golden Dragon" rose more than 4% leading the large cap, Trump Group skyrocketed 20%.
1. The s&p 500 energy sector fell by 0.65%; 2. Miniso, NIO Inc rose by over 10%; 3. Apple's first batch of AI functions officially launched; 4. Internet-famous brokerage Robinhood enters the usa presidential election gambling.
Baidu Options Spot-On: On October 28th, 52,849 Contracts Were Traded, With 479.03K Open Interest
Express News | Shares of US-listed Chinese Stocks Are Trading Higher. The People's Bank of China Announced It Will Use Outright Reverse Repurchase Agreements to Enhance Liquidity Management, Which May Boost Investor Confidence and Boost China's Monetary Policy
6-K: Report of foreign private issuer (related to financial reporting)
Baidu Group - SW (09888.HK) plans to hold a board of directors meeting on November 20 to approve the financial performance for the third quarter.
GlondonOctober 28, Baidu Group - SW (09888.HK) announced that the board of directors will hold a board meeting on November 20, 2024 (Wednesday) to approve the unaudited performance and announcement of the three months ending September 30, 2024 ("2024 Third Quarter Financial Performance Announcement"). The 2024 third-quarter financial performance announcement will be uploaded to the Exchange's website and the company's website after the trading hours of the Exchange and before the opening of the US market on November 21, 2024 (Thursday) (Beijing/Hong Kong time).
DATE OF BOARD MEETING
Aotecar new energy technology (002239.SZ): Indeed provides thermal management system components products to Baidu's Apollo RT6 automatic driving autos.
gelonhui October 28th, aotecar new energy technology (002239.SZ) stated on the investor interaction platform that the company does provide thermal management system components for Baidu's self-driving car Apollo RT6 model. Currently, the sales volume of thermal system products for this model is small, and the related revenue and profit scale are also small, with no significant impact on the overall performance of the company.