Reported 1 day ago
Baidu Inc. is experiencing a decline in investor optimism as it approaches the announcement of its third-quarter earnings, with concerns rising over the effectiveness of its artificial intelligence initiatives. The buy-equivalent rating for Baidu shares has dropped to its lowest since 2020, reflecting cautious sentiment following a significant slowdown in revenue growth. Analysts predict a year-on-year sales decrease, contributing to a 27% decline in Baidu's stock price this year, significantly lagging behind the performance of the Nasdaq Golden Dragon China Index.
Source: YAHOO