Baidu Inc's Sponsored ADR Class A (BIDU.US) Revenue from new AI business exceeds 10 billion CMB International gives a target price of $132.

On August 20th, Baidu Inc Sponsored ADR Class A (BIDU.US, 09888) released its financial report for the second quarter of 25 years, with AI new business revenue exceeding 10 billion for the first time, a year-on-year increase of 34%. CMB International released a research report stating that AI new businesses such as Luobo Kuai Pao and Baidu Inc Sponsored ADR Class A Smart Cloud are progressing smoothly and will become long-term drivers of revenue and revenue growth, giving a target price of $132. In addition, CMB's research report emphasized that after the transformation of Baidu Inc Sponsored ADR Class A's search AI, user engagement and usage time have both increased, and it is expected that with the increase in commercialization, the search business will show a recovery trend in the fourth quarter of 25 years. After the release of the financial report by Baidu Inc Sponsored ADR Class A, multiple institutions expressed optimism about the development of Baidu Inc Sponsored ADR Class A's AI business. Guosen is optimistic about the potential driving effect of AI technology on Baidu Inc Sponsored ADR Class A's search and smart cloud business, giving Baidu Inc Sponsored ADR Class A a rating above the market. Analysts from Benchmark and Seeking Alpha believe that based on Baidu Inc Sponsored ADR Class A's leading position in the AI and autonomous driving market, they still see long-term investment value in Baidu Inc Sponsored ADR Class A. BOCOM INTL research team believes in the long-term AI products under large model accelerated iteration, as well as commercial opportunities such as Robotaxi.