12 Best Asian Stocks to Buy According to Hedge Funds

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8. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 33

Baidu, Inc. (NASDAQ:BIDU) ranks among the best Asian stocks to buy. Despite continued revenue issues brought on by Baidu, Inc. (NASDAQ:BIDU)’s AI search revolution, Tiger Securities analyst Bo Pei reiterated a Buy rating and $100 price target on the company on August 20.

The company’s AI Cloud revenue increased 27% year-over-year to RMB 6.5 billion, driven by subscription-based services and GPU usage of more than 90% for major clusters. That said, management anticipates weaker growth in the latter half of 2025 due to swings in project-based revenue.

Conversely, Baidu’s autonomous driving service Apollo Go provided 2.2 million fully driverless rides in Q2, a 148% increase year-over-year. The company raked in favorable unit economics in China and is expanding globally via collaborations with Uber in Asia/Middle East and Lyft in Europe.

Baidu, Inc. (NASDAQ:BIDU), a leading Chinese technology company, manages China’s largest internet search engine. Beyond its search business, the company has expanded into AI-driven initiatives that include self-driving technology and conversational AI models like Ernie.

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