Baidu Stock News

In one of his more shocking moves, Michael Burry of ‘ The Big Short ' has decided to sell all of his gold and direct his investments elsewhere – including consumerism, office space for technology companies, the strength of the United States dollar, Chinese stocks, and the U.S. job market.

Baidu is a dominant search engine in China, but its future growth lies in autonomous driving technology. Apollo Go, Baidu's robotaxi service, is expanding and expected to reduce losses in the Intelligent Driving division. Despite short-term challenges, Baidu is expected to continue growing and is trading at a low PE ratio with significant upside potential.

Baidu has been punished far too harshly. Little to no value is being assigned to AI and robotaxis here. While waiting, investors get downside protection from a massive cash pile.

Stock market corrections allow opportunistic long-term investors to pounce on amazing companies at a discounted price. A cash-rich business that's the undisputed leader in internet search in its home market is ripe for the picking.

Michael Burry, the investor made famous by the book and movie “The Big Short,” shifted more of his portfolio into Chinese Internet stocks including Alibaba Group Holding Ltd. and Baidu Inc. during the second quarter, according to a filing with the Securities and Exchange Commission released Wednesday.

Baidu is a potentially underrated artificial intelligence stock with a fast-growing chatbot. United Airlines stock has been struggling since the pandemic, but its financials have been improving.

Prices rose at a faster-than-expected rate in July—but there's still cause for investors to worry about weak demand.

Chinese search engine behemoth Baidu's stock (NASDAQ: BIDU) is poised to report its Q2 2024 earnings around August 22. We expect Baidu's revenues to come in at $4.7 billion for the quarter, roughly flat compared to last year and in line with consensus estimates.