Nomura: Baidu remains optimistic about the prospects of artificial intelligence, maintaining a target price of $98 for the US stock.

Nomura's research report pointed out that Baidu recently launched two upgraded versions of its LLM Wenxin large model 4.5 Turbo and X1 Turbo, emphasizing cost reduction and multi-model performance. Baidu expects the average cost of LLM to continue to decline, and top-level models like Baidu 4.5 Turbo are already capable of meeting the needs of many users, laying a solid foundation for the takeoff of artificial intelligence applications. Nomura pointed out that despite the geopolitical risks facing Baidu, the company remains optimistic about the prospects of artificial intelligence. They maintain a target price of $98 for Baidu's US stock and a "neutral" rating.