BIDU went up 80% after they announced EV news on Dec 30th. The have come down to the exact price of EV news and I think they will miss EPS estimates, prob beat revenue bc of ecommerce. I would say there valuation price target is in the $130-140's. The EV news is all speculation.
It would've been true if Baidu has been only a car company, but Baidu is so much more then this.
It's the china's google, it's an AI company, they have electric autonomous taxi already running in china and much more.
It's the china's google, it's an AI company, they have electric autonomous taxi already running in china and much more.