Core Viewpoint - The investment thesis on Baidu (BIDU) is centered around the AI infrastructure, particularly focusing on Cloud, Compute Capacity, Inference, and Proprietary Chips, rather than on Chatbot/Consumer AI [1] Group 1: Investment Thesis - The recommendation for Baidu is a "Buy" based on its strong positioning in AI infrastructure [1] - The analysis emphasizes the importance of Cloud and Compute Capacity as critical components for future growth [1] - Proprietary Chips are highlighted as a significant asset in Baidu's technological framework [1] Group 2: Analyst Background - The analyst has over 10 years of experience in global markets, managing multi-asset strategies and equity portfolios [1] - The approach combines top-down macro analysis with bottom-up stock selection, focusing on earnings, tech disruption, policy shifts, and capital flows [1] - Insights are shared through platforms like Seeking Alpha, where high-conviction ideas and contrarian views are presented [1]

Core Viewpoint - The investment thesis on Baidu (BIDU) is centered around AI Infrastructure, particularly focusing on Cloud, Compute Capacity, Inference, and Proprietary Chips, rather than on ChatBot/Consumer AI [1]. Group 1: Investment Strategy - The company is rated as a "Buy" based on its potential in AI Infrastructure [1]. - The analysis combines top-down macroeconomic factors with bottom-up stock selection to identify mispriced opportunities [1]. Group 2: Analyst Background - The analyst has over 10 years of experience in global markets, managing multi-asset strategies and equity portfolios at a European asset manager [1]. - The focus areas include earnings, technological disruption, policy shifts, and capital flows [1].