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Baidu Is Maintained at Equal-Weight by Barclays
WoW Stacking -- A breakthrough technology that ignites "terminal AI."
When AI models are "sunk" from the cloud to terminal devices such as mobile phones, watches, and glasses, local running has become increasingly common. Behind this is a breakthrough in a key technology - WoW stacking (Wafer-on-Wafer) technology.
Express News | Baidu Inc : Barclays Cuts Target Price to $81 From $84
Express News | Baidu applies to register the AI simultaneous interpretation trademark.
Merrill Lynch Securities lowered its forecast for Baidu (BIDU.US) core revenue for the second quarter and maintains a 'Buy' rating.
Bank of America Securities released a research report indicating a downward adjustment of Baidu's (09888.HK)(BIDU.US) second-quarter core revenue forecast, estimating the adjusted Operation profit to be 4 billion yuan. Due to expected solid customer demand in the cloud Business, the second-quarter cloud revenue forecast remains unchanged. The firm also anticipates that the penetration rate of artificial intelligence will reach 70 to 80% in the third quarter and become more stable in the fourth quarter. Consequently, it is expected that Baidu's advertising Business will experience an accelerated decline in the third quarter and narrow in the fourth quarter. The firm stated that due to the expected decrease in high-margin advertising revenue, it has revised down Baidu's adjusted net profit forecast for this year by 14%, while maintaining it roughly at 2.
HSBC Research on "The Big Company": Baidu (09888.HK) launched AI search, which has dragged down advertising growth. The Target Price is lowered to 74.1 yuan and maintains a "Hold" rating.
HSBC Global Research published a report indicating that after Baidu (09888.HK) (BIDU.US) accelerated the launch of AI search, the advertising outlook became more challenging, dragging down profit margins. Although the autonomous taxi business has made stable progress, it still requires time to expand revenues. On the other hand, HSBC Research expects that the comprehensive consolidation of the video entertainment live broadcasting business YY Live's finances will also impact advertising growth, as YY Live's revenue will be reclassified as internal transactions. Therefore, HSBC has downgraded Baidu's core advertising revenue forecast for 2025 to 2027 by 7% to 12%, now estimating the core advertising revenue for 2025.