BIDU(US:BIDU) Ge Long Hui·2025-12-04 09:32Core Viewpoint - Baidu has developed a comprehensive AI stack infrastructure and services, leading to significant growth in AI-related business revenue, which is expected to offset declines in traditional business segments and drive overall revenue growth by mid-2026 [1][1][1] Group 1: Financial Performance - In Q3, Baidu's AI-related business revenue grew by 50% year-on-year to 10 billion RMB, accounting for approximately 40% of Baidu's core business total revenue [1][1][1] - Baidu's stock price increased by 1.04% to $118.5 in pre-market trading [1][1][1] - The company reported a core asset impairment of 16.2 billion RMB in Q3, reallocating resources to high-potential businesses while continuing to control costs and improve efficiency [1][1][1] Group 2: Future Outlook - Bank of America expects Baidu's AI-related business to maintain rapid growth, gradually compensating for the decline in traditional business and leading to a return to positive core business revenue by Q2 2026 [1][1][1] - Haitong International noted that Baidu will continue to deepen its focus on AI-related business, with the establishment of new research and development departments reporting directly to CEO Robin Li [1][1][1] - The report emphasizes that these developments will help accelerate the monetization of Baidu's AI products [1][1][1]