Baidu’s AI Ambitions Fuel Major Analyst Upgrade

In a significant vote of confidence for China’s artificial intelligence sector, Deutsche Bank has issued a substantial upgrade for Baidu, shifting its rating from “Hold” to “Buy” while dramatically increasing its price target. The German financial institution now projects the stock reaching $160, representing a massive 78% increase from its previous $90 target.

Market analysts point to Baidu’s commanding position across several critical artificial intelligence domains as the primary driver behind this optimistic reassessment. The company’s rapidly expanding AI Cloud division, its prominent Apollo Go autonomous vehicle platform, and ongoing development of proprietary AI chips have collectively impressed financial experts. These strategic initiatives are positioned to deliver the company’s Read more...