Baidu (BIDU); HK 9888

[winston]

vested

Broker│ Opinion

Jefferies│ The potential of AI unleashed in various aspects

JPMorgan│ Revenue contribution from AI monetization is yet to be seen, but core profitability had positive surprises

Citi│ Generative AI gradually contributing to revenue growth, but search ads were still weak

BOCI│Quarterly earnings beat expectations, and AI drove sustainable growth

UBS│Profitability beat expectations, but advertising outlook was weak

CLSA│Online market revenue weakened, and cloud revenue growth accelerate

Goldman Sachs│Cloud business improvement offset short-term advertising weakness, and generative AI contribution will increase in the future

Daiwa│Macro headwinds persisted

BofA Securities│Search shifted to, with accelerated cloud growth and still healthy profitability

Nomura│Quarterly revenue was in line with expectations, and earnings beat estimations

Morgan Stanley│Weak growth in advertising will continue for longer

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

<Research>G Sachs Trims BIDU-SW (09888.HK) TP to $150 as 1Q Earnings Beat

BIDU-SW (09888.HK) (BIDU.US) 1Q24 revenue was in line with expectations, while its EBIT and net profit even beat expectations, mainly due to higher contribution from generative AI under business restructuring and recovery in deferred revenue from traditional advertising business, Goldman Sachs released a research report saying.

BIDU-SW's management expects the cloud computing business to accelerate growth, and operating margin to remain stable due to strong growth in demand for GPU cloud and enhanced deployment of generative AI with smartphone OEMs, Goldman Sachs said.

Related News: Citi Reduces TP of Baidu (BIDU.US) to US$170; Gen AI Brings Incremental Rev. but Search Ads Still Weak

Goldman Sachs believed that the risk return level of BIDU-SW is currently favorable. Although the recovery prospect of its core advertising business lacks visibility, the accelerating growth in its cloud computing business and the increasing contribution of AI-related revenues could lead the Group to a slow but sure revenue recovery path.

Based on its latest valuation expectation, Goldman Sachs trimmed its target price on BIDU-SW from $157 to $150, with rating kept at Buy.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[behappyalways]

Stop when the light is green, go when the light is red!
It will get stuck when turning.
Baidu’s 6th generation driverless car was criticized as a “mobile roadblock”

綠燈停.紅燈行!轉彎還會卡住 百度第6代無人車挨批「移動路障」｜TVBS新聞

https://m.youtube.com/watch?v=RMJV2a8BEqM