U.S. Stock Movement | APOLLO GO Obtains Dubai Autonomous Vehicle Testing License, Baidu Rises Nearly 10%
On Wednesday, Baidu surged nearly 10% during trading, with a cumulative increase of 45% this month, closing at USD 138.12. In terms of news, Baidu's APOLLO GO has obtained a testing license for autonomous vehicles in Dubai, and plans with the Dubai Roads and Transport Authority to expand its fleet of driverless cars to over 1,000 vehicles in the next three years. CITIC Securities released a research report stating that Baidu Group's overall valuation remains relatively attractive, and the firm recommends paying attention to the trend and pace of the company's fundamental improvements, as well as the incremental space brought by AI and autonomous driving businesses, maintaining a "Buy" rating
According to Zhitong Finance APP, on Wednesday, Baidu (BIDU.US) surged nearly 10% during intraday trading, with a cumulative increase of 45% this month, closing at $138.12. In terms of news, Baidu's APOLLO GO has obtained a testing license for autonomous vehicles in Dubai, and plans with the Dubai Roads and Transport Authority to expand its fleet of driverless cars to over 1,000 vehicles in the next three years.
CITIC Securities released a research report stating that the overall valuation of Baidu Group remains relatively outstanding. The firm recommends paying attention to the trend and pace of the company's fundamental improvements, as well as the incremental space brought by AI, autonomous driving, and other businesses, and continues to maintain a "buy" rating
