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Chinese tech company Baidu, Inc. NASDAQ: BIDU is often compared to Alphabet's Google NASDAQ: GOOG due to its dominant search engine in China. However, the company's stock performance has declined about 15% over the past year, even as it aggressively advances artificial intelligence (AI) technology through its Ernie large language models, expands AI Cloud services, and develops its Apollo Go autonomous driving platform.
As of Monday, the Nasdaq Composite index had tumbled more than 11% since the start of the year. The outlook for the economy is worrisome, as trade wars and promised tariffs could lead to disaster for many businesses.
Baidu is significantly underpriced with a P/E ratio of 8.2X, offering an earnings yield in excess of 12%. Despite a slight revenue decline in Q4'24, Baidu remains highly profitable and continues to execute substantial stock buybacks. Baidu's dominant position in China's search engine market ensures steady advertising income and long-term earnings growth potential.
Baidu Inc. (BIDU) reachead $91.93 at the closing of the latest trading day, reflecting a +0.33% change compared to its last close.
Zacks.com users have recently been watching Baidu Inc. (BIDU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares fell Monday as the Hang Seng Tech index continued its slump.
During the initial period, Apollo Go and Autogo will collaborate to deploy dozens of autonomous vehicles in Abu Dhabi, with phased expansion planned ahead of full commercial operations by 2026. This marks Apollo Go's further expansion into the UAE, applying its proven autonomous driving technology and operational experience from China.
The first 100 Apollo Go autonomous vehicles to be deployed in Dubai by the end of 2025, with no less than 1,000 to be deployed over the next three years This marks a major milestone in Apollo Go's international expansion, after it was granted the very first autonomous vehicle pilot license in Hong Kong BEIJING , March 28, 2025 /PRNewswire/ -- Baidu Inc. (NASDAQ: BIDU and HKEX: 9888) today announced that its autonomous ride-hailing platform, Apollo Go, has signed a strategic cooperation agreement with the Roads and Transport Authority (RTA) of Dubai to launch autonomous driving testing and services in the city. This marks Apollo Go's first international fleet deployment outside of mainland China and Hong Kong, and its first entry into the Middle East.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
BEIJING , March 28, 2025 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with a strong internet foundation, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on March 28, 2025 (the "Form 20-F"). The Form 20-F can be accessed on the Company's investor relations website at http://ir.baidu.com.