Baidu to Start Trial Operations of Apollo Go Robotaxis in HK as Soon as Year-end, Report Says
Zephirin Upgrades Baidu to Buy From Hold; Price Target Is HK$90
[Brokerage Focus] Guosen maintains a 'outperform the market' rating on Baidu Group (09888), bullish on the potential driving effect of AI technology on its asia vets cloud business.
Jingwu Financial News | Guosen Securities released a research report indicating that Baidu Group (09888) achieved total revenue of 33.5 billion yuan in Q3 2024, a year-on-year decrease of 3%. Baidu's core revenue was 26.5 billion yuan, staying basically flat compared to the same period last year, while iqiyi's revenue was 7.2 billion yuan, down 10% year-on-year. In Q3 2024, Baidu Group achieved an adjusted net income of 5.9 billion yuan, a year-on-year decrease of 19%. The adjusted net income margin was 18%. Among them, Baidu's core business achieved an adjusted net income of 5.7 billion yuan, a year-on-year decrease of 18%, with an adjusted net income margin of 21%. The report stated that Baidu's core online marketing revenue was 18.8 billion yuan, and the context continues.
baidu Q3 core net profit exceeded expectations, Wenxin's large model new version is about to be released.
What did baidu do right?
Baidu's Ad Revenue Set to Weaken Further in 4Q -- Market Talk
Latest speech by Jensen Huang: the era of siasun robot&automation is about to arrive, and the conditions of the south china greater bay area concept are "exceptionally favorable."
①In the future, three types of siasun robot&automation are expected to achieve large-scale production: autos, drones, and humanoid robots, with the largest output being humanoid robots; ②The south china greater bay area concept is the only region that possesses both electromechanical technology and ai technology, providing unique conditions for the development of the robotics industry.
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