Key TakeawaysBaidu shares got a boost Wednesday from reports of optimism about the Chinese tech firm's robotaxi.Dow Jones Newswires and Bloomberg pointed to a note by an analyst who said Baidu's Apollo Go robotaxi business will likely break even in Wuhan this year.Excitement is also building over Tesla's upcoming release of its robotaxi. American Depositary Receipts (ADRs) of Baidu (BIDU) advanced in intraday trading Wedesday on reports the Chinese internet search engine’s Apollo Go robotaxi business is set ...

Chinese software company Baidu (NASDAQ:BIDU) stock rose on the news that its Apollo Go robotaxi business is growing and could generate a profit in 2025.BIDU stock rose 2.3% overnight. It opened this morning at $97.59 per share, a market capitalization of over $34 billion. Shares are down 17% so far in 2024, 33% over the last year.China’s WaymoBaidu came to prominence for its search engine, sometimes called “China’s Google,” which still has over 50% of that country’s search market. Thus, the robotaxi busines ...

The Chinese search engine giant is down, but it's certainly not out.The trend is not the friend for Baidu (BIDU 8.47%) shareholders. China's iconic search engine finds its stock trading 20% lower in the otherwise buoyant 2024, off a blistering 33% over the past year. Many Chinese investments have fallen out of favor lately, but most of them are faring better than the country's original dot-com darling.Baidu is down, but it doesn't mean it's out. Let's go over three reasons why the stock that is now 73% belo ...

Baidu TodayBIDUBaidu$88.97 -1.09 (-1.21%) 52-Week Range$85.08▼$156.98P/E Ratio11.91Price Target$156.64Add to WatchlistChinese technology stocks have been taking a tumble in 2024. A combination of geopolitical and trade tensions, macroeconomic uncertainty, and growth slowdown have been negative drivers that have caused investors to rethink the potential of these companies. Amongst the ruble, some companies are hitting valuations that are too good to pass up. Baidu Inc. NASDAQ: BIDU is widely considered the “ ...

Investing in the best Chinese stocks can offer much needed strategic portfolio diversification.The past few years have been tough for Chinese stocks, weighed down by regulatory changes, geopolitical tensions and a lackluster economy. However, in the past few quarters, we’ve seen these headwinds subside, offering a promising opportunity for investors. Many Chinese stocks, especially the ones discussed in this piece, are deeply undervalued.Hence, it’s an excellent time to load up on them for the long haul. Mo ...

Yongyuan Dai In the current market, single-digit P/E and P/FCF multiples are typically reserved for companies that are facing contraction. When a company with such multiples is also selling at a discount to book value, the problems the company is facing can be assumed to be quite dire. In the case of Baidu, Inc. (NASDAQ:BIDU), the Chinese Internet search giant with a P/E of 7.2, a P/FCF of 6.3, and book value in excess of its market cap, nothing could be further from the truth. While Baidu’s growth rate ...

Finding truly undervalued stocks to buy that are subtly poised for growth might be the difference between good returns and lost chances in the fast-paced world of investing. The emphasis is on a carefully chosen list of seven equities expected to soar in July, and solid arguments are provided for investors to notice them. It takes more than merely glancing at past performance to determine which stocks to purchase; a thorough examination of each company’s strategic goals and fundamentals is necessary. With i ...

Loading...Loading...Baidu Inc BIDU, the Chinese search engine giant, has seen its stock price plummet to a new 52-week low, reflecting a decline of 38% over the past year and falling 25% year-to-date. As of recent trading sessions, BIDU shares recorded a new low of $87.01 during day trading on Thursday, underscoring investor concerns and technical bearish signals.Financial Hurdles & Domestic CompetitionFinancially, Baidu reported a 7% decline in first-quarter revenue, attributing the drop to China’s slowing ...

We are currently in an AI bull run. Stocks like Nvidia (NASDAQ:NVDA) are up over 100% year-to-date. Companies like Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Google (NASDAQ:GOOG, NASDAQ:GOOGL) are announcing new AI-enabled services. This truly historic event opens up new growth potential for investors looking for AI stocks.Every day, new growth and value stocks are emerging, most of them relatively unknown. A key metric used to find these companies is analyst growth predictions. These include increas ...

Baidu Inc. (BIDU) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this web search company have returned -10.4% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Internet - Services industry, to which Baidu Inc. belongs, has gained 5.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although media repo ...