Should You Buy Baidu Inc. (BIDU)’s Shares?

We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. Baidu Inc. (NASDAQ:BIDU) is one of the long-term stock picks.

Chinese search engine and technology giant Baidu Inc. (NASDAQ:BIDU)’s shares are up by 32% over the past year and are down by 25.7% year-to-date. They first appeared in Appaloosa’s filings in the fourth quarter of 2013 and were held until the second quarter of 2014. After that, Baidu Inc. (NASDAQ:BIDU)’s stock appeared in the first quarter of 2021 and then in the second quarter of 2023. Since then, the shares have been a part of the holdings. Appaloosa’s latest stake in Baidu Inc. (NASDAQ:BIDU) is worth $77 million and comes courtesy of 692,100 shares.

Should You Buy Baidu Inc. (BIDU)’s Shares?

As is the case with its Western counterparts, the Chinese firm is also focusing on the autonomous driving market. Its Apollo Go platform has entered into a joint venture with Swiss Post’s PostBus. On June 12th, the joint venture received the local authorities’ clearance to conduct Level 4 trials in an open-road area. Baidu Inc. (NASDAQ:BIDU) is also a player in the AI chip industry and provides AI GPUs to several firms.

While we acknowledge the risk and potential of BIDU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BIDU and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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