A More Bullish Sentiment Could Push Baidu Much Higher [Seeking Alpha]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Seeking Alpha
Play 16min Summary The most recent sentiment change in China pushed Baidu's stock higher - along with other technology companies like Tencent or Alibaba. Revenue from online advertising is still struggling, but AI Cloud is growing in the double digits and intelligent driving might also be a long-term driver of revenue growth. Baidu is still deeply undervalued even when calculating with rather low growth rates. Additionally, Baidu is sitting on huge cash reserves that are almost matching the current market capitalization of the business. V2images My last article about Baidu, Inc. ( NASDAQ: BIDU ) was published about seven months ago on February 29, 2024, and similar to my other articles about Baidu I have written in the last few years, I was bullish once again. And since my last article was published, the stock actually gained 4% in value, but when looking at the numbers in more detail we can see that Baidu was rather in a downtrend most of the time and only in the las
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