美股异动丨百度大涨近8% 小摩大幅上调其目标价至188美元

Core Viewpoint - Baidu's stock price has increased by nearly 8% following a significant target price upgrade by JPMorgan to $188, indicating a fundamental shift in the company's investment narrative from a traditional search advertising company to an AI infrastructure provider [1] Summary by Categories Company Transformation - Analysts believe Baidu is transitioning from a traditional search advertising model to becoming an AI infrastructure supplier [1] - The sales of Kunlun chips and the demand for GPU computing are expected to significantly boost revenue growth [1] Revenue Projections - Cloud business revenue is projected to grow by 61% by 2026 [1] Advertising Business Outlook - JPMorgan remains cautious about Baidu's advertising business outlook, emphasizing that growth catalysts will stem from cloud and AI infrastructure rather than a rebound in traditional advertising [1]