10 AI Stocks on Latest News and Ratings

7. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 54

Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet giant and AI pioneer, known for its noteworthy investments in artificial intelligence technology and its position as the dominant search engine within the country. On May 22, Barclays analyst Jiong Shao lowered the firm’s price target on the stock to $84 from $90 and kept an “Equal Weight” rating on the shares. The analyst told investors in a research note how Baidu’s Q1 advertising revenue declined 6% year-over-year. Moreover, its strength in Cloud is being outshone by the growing cannibalization of advertising by artificial intelligence.