Baidu Stock News

Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app.

Baidu reported a 3% fall in third-quarter revenue on Thursday, beating market estimates, as China's biggest internet search provider grappled with weak spending on its advertising services in a sluggish economy.

BEIJING , Nov. 21, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the third quarter ended September 30, 2024. "Baidu Core's flattish third quarter top line reflected the ongoing weakness in our online marketi...

Although Burry is best-known for making wagers on securities moving lower, he purchased a trio of historically cheap, cash-rich stocks during the September-ended quarter.

Dr. Michael Burry is a contrarian investor who's not afraid to act in a big way if he sees value out there.

Baidu's AI innovations are impressive, but its core businesses are stagnant, and AI revenue impact remains marginal, limiting overall growth potential. Despite trading at an attractive 7x forward PE, Baidu's sluggish online marketing revenue and macroeconomic challenges justify a Hold rating. Key Q3 focus areas include AI ecosystem developments, AI Cloud Revenue growth, and potential expansion ...

Michael Burry's Scion Asset Management has significant positions in Alibaba, Baidu, and JD.com, with puts as hedges against potential downturns in Chinese stocks. Baidu, Inc., often called the “Google of China,” offers growth potential in AI and autonomous driving, trading at a low valuation with strong cash flows. Despite China-specific risks, Baidu's low earnings multiple and reliable earning...

After the famous ‘Big Short' investor Michael Burry abandoned his 2023 bet against the semiconductor industry – though, interestingly, the short position may not have been wrong, only poorly timed – he again stirred controversy with his persistent bullishness about Chinese stocks.