Lates News

Analysts at DBS Group pointed out in a report that Baidu's fourth-quarter revenue is expected to rebound quarter-on-quarter. The year-on-year decline in online advertising business is narrowing, and strong growth in revenue from artificial intelligence cloud infrastructure business may provide support for profitability. In addition, demand for their Kunlun AI chip business is also expected to increase in the fourth quarter. These factors may drive an increase in gross profit and non-GAAP operating profit quarter-on-quarter. DBS maintains a "buy" rating on Baidu stocks, but raised its H-share target price from HK$175 to HK$206 and ADR target price from $177 to $211.