Baidu: Buy before AI hype takes hold (NASDAQ:BIDU)

China

Kevin Frayer Baidu, Inc. (NASDAQ: BIDU) benefited from two critical drivers: the reopening of the Chinese economy and AI generative trends. Therefore, BIDU has outperformed Tencent (OTCPK:TCEHY) and Alibaba (BABA) since October 2022, as China’s leading AI company is eager to expand its leadership to gain share. Baidu’s solid Q2 23 earnings release demonstrated the … Read more