Re: Baidu (BIDU)
Posted: Tue Nov 07, 2017 2:02 pm
Baidu Stock: The Current Dip is an Opportunity
By: Christian Tharp, CMT
Source: Tech Stock Sensei
http://techstocksensei.com/2017/11/baid ... -ai-video/
By: Christian Tharp, CMT
Baidu more than doubled its profits in the third quarter.
Revenue in the period increased by 28%.
Baidu’s online marketing customers increased by 3% as a result of the AI features that were added to the marketing tools.
Baidu Inc recently entered into a partnership with NVidia under which both companies will join hands to work on Baidu Cloud and Drive PX for self-driving cars.
Baidu will soon become a major competitor for Netflix and YouTube in China.
Its iQiyi video platform has a whopping 160 million daily active users on mobile.
IQiyi is facing some challenges amid growing content costs and tough competition from Alibaba’s Youku Tudou and Tencent.
Source: Tech Stock Sensei
http://techstocksensei.com/2017/11/baid ... -ai-video/