We recently published a list of 10 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Baidu, Inc. (NASDAQ:BIDU) stands against other best AI stocks on latest news. and ratings.
A modern internet space with a person using Baidu services on a laptop.
Baidu, Inc. 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.
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This article is originally published at Insider Monkey.
