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Jefferies Lifts Baidu (BIDU) Target on AI Advances and Strong Customer Adoption
Yahoo Financeยท 2025-09-24 12:45
Core Insights - Baidu, Inc. is recognized as one of the top AI stocks to invest in, with Jefferies maintaining a Buy rating and increasing its price target from $108 to $157, attributing this to Baidu's advancements in AI and acquisition of major customers for collaboration [1][2]. Group 1: Company Developments - Baidu has made significant progress in Kunlun chip development, enhancing its market position in AI Cloud revenue and customer penetration [2]. - The company has experienced rapid growth in its AI agents and digital human products, alongside the global expansion of its Apollo Go autonomous driving platform [2][3]. Group 2: Market Position - Baidu is identified as a leading player in the AI sector, managing China's largest internet search engine and expanding into various AI-driven initiatives, including self-driving technology and conversational AI models like Ernie [3].