CGWS(SZ:002939) Jin Rong Jie·2025-09-05 02:55Group 1 - Baidu's stock price closed at $98, up 1.88%, reaching a nearly six-month high [1] - Longzhong Securities has given Baidu a "buy" rating, recognizing its active exploration of AI search commercialization and the rapid growth of its smart cloud and autonomous driving businesses [1] - Baidu AI search is the only Chinese search engine to enter the global top ten in the AI application list released by A16Z [3] Group 2 - Longzhong Securities believes that in Q2, Baidu is gradually exploring AI search commercialization, including the development of more flexible and native advertising formats that seamlessly integrate into user experience [3] - AI search has the potential to cover long-tail queries and non-commercial scenarios that traditional search struggles to monetize, which is expected to enhance monetization efficiency in the long term [3]