Baidu: AI Boom At Mind Boggling Valuation
BIDU(BIDU) Seeking Alpha·2024-04-21 18:23
Niall/iStock via Getty Images Despite Baidu (NASDAQ:BIDU) providing more bullish AI data points, the stock continues to trend lower. Chinese stocks remain out of favor, causing valuations to sink to unthinkable levels a few years back. My investment thesis remains ultra-bullish on the Chinese search leader turning into an AI leader, but the catalyst turning the stock market bullish on Baidu is unclear, with AI growth potential not doing the trick so far. Source: Finviz AI Boom Baidu just announced passing 2 ...