The highly successful company might find it tough to post meaningful growth in the current environment.In the run-up to Baidu's (BIDU -2.12%) first-quarter results, scheduled to be published on Thursday, May 16, several analysts have tweaked their takes on the Chinese tech and internet giant. One who shaved $10 per share off his price target is nevertheless maintaining his bullish outlook. Here's why he thinks the company still has double-digit price-appreciation potential.Growth concernsThe pundit in quest ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Baidu Inc. is exploring a potential collaboration with Tesla Inc. to produce Tesla’s self-driving Robotaxi in China.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.This announcement was made by Xu Baoqiang, the general manager of Baidu’s autonomous driving vehicle unit, in a Weibo post on Wednesday. Baidu’s plan depend on Tesla’s market entryCopy link to sectionXu explained tha ...

A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing.SHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year.The projection comes as Elon Musk has emphasized his plans to build up Tesla's robotaxi efforts amid a decline in revenue. Baidu is one of the major players in China's nascent robotaxi market and received permission from a Beijing city district to begin charging fares in November 2021.While mo ...

Baidu, Inc. (BIDU) is scheduled to report first-quarter 2024 results on May 16.The Zacks Consensus Estimate for revenues is pegged at $4.31 billion, indicating a decline of 4.9% from the year-ago quarter’s reported figure.The Zacks Consensus Estimate for earnings is pegged at $2.30 per share, suggesting a 1.7% fall from the prior-year quarter’s reported figure. The estimated figure has remained unchanged over the past 30 days.BIDU’s earnings beat estimates in the trailing four quarters, the average being 17 ...

Baidu Inc. (BIDU) closed the latest trading day at $108.66, indicating a -1.99% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.17% for the day. At the same time, the Dow added 0.32%, and the tech-heavy Nasdaq lost 0.03%.Heading into today, shares of the web search company had gained 8.36% over the past month, outpacing the Computer and Technology sector's gain of 0.39% and the S&P 500's gain of 0.17% in that time.Investors will be eagerly watching f ...

Baidu's public relations lead just made a major PR blunder.Qu Jing, executive at the Chinese firm, posted several videos online encouraging extreme work. In one video, she claimed she could destroy the careers of employees who failed to comply. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “S ...

BEIJING, May 8, 2024 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that it will hold its annual general meeting of shareholders (the "AGM") at Baidu Campus, No. 10, Shangdi 10th Street, Haidian District, Beijing 100085, People's Republic of China on June 26, 2024 at 10:00 a.m. (Beijing/Hong Kong time). No proposal will be submitted for shareholder approval at the A ...

China’s entry into the World Trade Organization (WTO) in 2001 brought a promise to many Western Countries that could reap substantial benefits with only limited concerns of suffering a challenge to their technological leadership.The notion that China boasts little competitive potential as most of their products are copied or reverse-engineered – products of IP theft, some might say – has taken deep roots with many, including, apparently, certain policymakers with President Biden seemingly choosing to attemp ...

zorazhuang China may be late to the AI party. Better late than never, they say. China's AI goals are ambitious, and private companies in the country will play a key role in helping the nation achieve these goals. Baidu, Inc. (NASDAQ:BIDU) has emerged as the front-runner in China's AI space. Last November, I upgraded Baidu as I found the company very attractively valued at a time when its AI investments were beginning to yield tangible returns. Since then, Baidu stock has gained a meager 0.7% while the S ...

Baidu (NASDAQ:BIDU) is more than just a search-engine provider. Indeed, with Baidu stock, you’ll get to participate in China’s counterpart to OpenAI’s artificial intelligence chatbot, ChatGPT.Microsoft (NASDAQ:MSFT) made a brilliant move when it invested in OpenAI’s ChatGPT technology. In 2024, there are other popular generative AI chatbots besides ChatGPT. I encourage you to invest in Baidu.Baidu Isn’t Just China’s GoogleIt’s easy to pigeonhole Baidu as the Chinese version of Alphabet’s (NASDAQ:GOOG, NASDA ...