
Baidu's stock price hits a new six-month high! AI search becomes the only search engine in China selected for the global AI application list
Baidu Group-SW rose 2.13% today, closing at HKD 96, with an intraday high of HKD 97.1, reaching a nearly six-month high. On the news front, Nasdaq analysts raised Baidu's target price to USD 133, with institutions like Citigroup giving Baidu a highest target price of USD 145.84. Goldman Sachs' latest research report indicates that Baidu is a leader in the global autonomous driving commercialization sector, assigning a buy rating. Recently, Baidu's AI products have topped several global rankings. In the global AI application list released by the well-known Silicon Valley venture capital firm A16Z, Baidu AI Search is the only Chinese AI search engine to enter the global top ten. In the domestic AI product TOP 10 list, Baidu Cloud, Baidu Wenku, and Wen Xiaoyan are among the three listed products. Baidu's Q2 performance shows that AI new business revenue exceeded 10 billion for the first time, a year-on-year increase of 34%; during the same period, Luobo Kuaipao's global mobility service usage exceeded 2.2 million times, a year-on-year increase of 148%, with a cumulative service usage of over 14 million, ranking first in the world
