BIDU Stock Forecast: Dominant Chinese Search Engine Stock is on the Rise
This Baidu article was written by Erica McGillicuddy, Analyst at I Know First.
Summary
- I am reiterating a buy for BIDU
- Baidu is increasing investments in cloud computing, artificial intelligence, and data centres
- Apollo (Baidu’s self-driving car) is seeing promising progress
- Baidu still makes up majority of the market share of Chinese search engines at 66.15%, and search engine users were still increasing as of March 2020
- Baidu will benefit from the potential acquisition of iQiyi by Tencent Holdings and from China beginning to reopen