DBS turns bullish on Baidu, citing AI-driven cloud and robotaxi gains

Core Viewpoint - DBS Group Research has upgraded Baidu to a buy rating, highlighting strong prospects for its autonomous driving and cloud businesses as the company accelerates its expansion overseas [1] Group 1: Company Prospects - The upgrade reflects confidence in Baidu's growth potential in the autonomous driving sector [1] - Baidu's cloud business is also seen as a significant driver of future revenue [1] Group 2: Market Expansion - The company is actively pursuing international markets, which is expected to enhance its overall growth trajectory [1] - The focus on overseas expansion indicates a strategic shift to diversify revenue sources [1]