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Baidu, Inc. Sponsored ADR Class ABaidu, Inc. Sponsored ADR Class ABaidu, Inc. Sponsored ADR Class A

Baidu, Inc. Sponsored ADR Class A

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Ichimoku Watch: Baidu Poised to Push NorthUpcoming Earnings Release: Baidu, Inc. ADS (ticker: BIDU) is scheduled to report earnings on 16 May before the market opens. The consensus EPS estimate for the fiscal quarter ending March 2024 is $1.90. The reported EPS for the same quarter a year prior was $1.81. Bulls Starting to Show Ahead of Earnings There is some interesting price action on the daily chart of Baidu ahead of the company’s earnings release this week. It would appear buyers are beginning to show. Price action recently moved above the Ichimoku Cloud (the difference between Leading Span A and Leading Span B), reaching a high of $115.39 last week before moderately forming a correction. It can also be seen that price dropped back below the conversion line, but remains above the base line and is almost level with the Lagging Span. The Leading Span A also recently crossed above the Leading Span B to form potential Cloud support around $106. And by and of itself, this crossover is a bullish trend signal. Overall, though, price action has not confirmed a trend change yet (we have not seen price action form a higher low and a subsequent higher high), though the Ichimoku Indicator has, as mentioned above, given us an early cue that the tide may be changing. Adding to this, we can see that price recently broke above the upper level of a falling wedge pattern ($126.23 and $103.37). While there is generally no textbook definition for setting profit targets regarding this pattern, some traders opt to target the base value extended from the breakout location, which comes in at around $127.16. Price Direction? With everything taken into consideration, the area formed between the breached upper boundary of the falling wedge and the Ichimoku Cloud may offer support for buyers in the coming days to potentially form a higher low and push on to a higher high and confirm the uptrend.
NASDAQ:BIDULong
by FPMarkets
Tesla Collaborate With Baidu to Allow Self-Driving Mode in ChinaTesla ( NASDAQ:TSLA ) has reportedly struck a deal with Baidu ( NASDAQ:BIDU ), China's leading search engine, to enable its Full Self-Driving (FSD) system in the country. The agreement, which grants Tesla access to Baidu's mapping license for data collection on Chinese roads, marks a pivotal moment in Tesla's expansion efforts in the world's largest automotive market. The deal, recently finalized, signals a strategic move for Tesla CEO Elon Musk, who has been actively seeking regulatory approvals for the FSD software rollout in China during his recent visit to the country. With Baidu's lane-level navigation system also included in the agreement, Tesla ( NASDAQ:TSLA ) is poised to leverage Baidu's extensive mapping expertise to enhance its autonomous driving capabilities. In China, where stringent regulations govern intelligent driving systems, the acquisition of a mapping qualification is a prerequisite for operating on public roads. By partnering with Baidu ( NASDAQ:BIDU ), Tesla gains access to crucial mapping data necessary for its FSD software to function effectively and legally in the Chinese market. Moreover, Tesla's fleets will now be able to gather valuable data about their surroundings, contributing to the refinement of autonomous driving technology. While the specifics of data ownership remain unclear, the collaboration underscores the growing synergy between Tesla ( NASDAQ:TSLA ) and Baidu ( NASDAQ:BIDU ) in advancing self-driving technology. Notably, this partnership builds upon their existing relationship established in early 2020 when Tesla began incorporating Baidu's navigation map into its vehicles in China. Although the announcement of the collaboration came during a broader news conference by Baidu ( NASDAQ:BIDU ) and did not explicitly mention the FSD feature, the implications for Tesla's expansion in China are substantial. Technical Outlook Baidu Inc. ( NASDAQ:BIDU ) stock is up 0.62% on Monday's pre-market trading session with the stock closing with a Relative Strength Index (RSI) of 49.31 making it prime for a bullish start for the first day of the week. However, NASDAQ:BIDU has been trading below the 200-day Moving Average (MA) for over 7 months.
NASDAQ:BIDULong
by DEXWireNews
$BIDU - sitting a major multi-YEAR support: Is it time to buy? BIDU is sitting at multi-YEAR support. Interestingly, $14 million dollars worth of April 19th, 2024 ITM put selling across strikes from $103 to $110 was detected on BlackBoxStocks today suggesting parties. In addition, roughly $80,0000 worth of 4/19/2024 $96 calls was detected. A bounce into declining moving averages is a play. In addition, on the daily chart, BIDU is sitting at support of a descending triangle (green descending trendline).
NASDAQ:BIDULong
by Yusuke_Trading
$BIDU - Buy the dip at multi-YEAR supportNASDAQ:BIDU is sitting at multi-YEAR support. Interestingly, $14 million dollars worth of April 19th, 2024 ITM put selling across strikes from $103 to $110 was detected on BlackBoxStocks today suggesting parties. In addition, roughly $80,0000 worth of 4/19/2024 $96 calls was detected. A bounce into declining moving averages is a play. In addition, on the daily chart, NASDAQ:BIDU is sitting at support of a descending triangle (green descending trendline).
NASDAQ:BIDULong
by Yusuke_Trading
Betting on B.A.T shares !I am betting on the Chinese B (Baidu), A (Alibaba) and T (Tencent) shares again , having seen their share prices fallen more than 50% from its peak! This is a long term investment , with time horizon 5 years and more. Is this the bottom ? I believe so as the Chinese Government is taking this opportunity to shore up its economy and the need to appease to the investing public. But , short term, we may still see some volatility ahead , so do not expect a straight rally up all the time.
HKEX:9888Long
by dchua1969
Baidu Revenue Grows 6% in Fourth Quarter Results Baidu Inc. ( NASDAQ:BIDU ) emerges as a beacon of resilience, reporting a commendable 6% increase in revenue for the fourth quarter, propelled by the synergistic forces of artificial intelligence (AI) and advertising prowess. For the three-month period ending December, Baidu ( NASDAQ:BIDU ) disclosed revenues totaling 34.95 billion yuan ($4.92 billion), a figure that closely aligns with analysts' projections, according to data from LSEG. The company's adjusted net income experienced a notable surge of 44%, reaching 7.76 billion yuan, outstripping analysts' forecasts and marking a significant leap from the previous year's figures. As China's premier internet search engine, Baidu ( NASDAQ:BIDU ) has long relied on advertising as its primary revenue stream. However, in response to evolving market dynamics and a slowdown in consumer spending, the company has strategically pivoted towards AI-driven initiatives. Notably, Baidu's ( NASDAQ:BIDU ) foray into AI was underscored by the launch of ERNIE Bot, reminiscent of the pioneering ChatGPT technology, aimed at harnessing the transformative potential of AI. The integration of ERNIE AI services has proven instrumental in augmenting Baidu's revenue streams, signaling a paradigm shift in the company's business model. CEO Robin Li expressed pride in the company's progress, citing significant advancements in product innovation and monetization strategies throughout 2023. Despite prevailing economic challenges, Baidu's ( NASDAQ:BIDU ) online marketing division demonstrated resilience, achieving a commendable 6% growth in revenue, amounting to 19.2 billion yuan for the quarter. The company's adjusted profit per American Depositary Share (ADS) surged to 21.86 yuan, a marked improvement from the previous year's figure of 15.25 yuan per share. Investor sentiment remained cautiously optimistic, with Baidu's U.S.-listed shares witnessing a modest uptick of 0.4% in pre-market trading. This incremental gain underscores market confidence in Baidu's ability to navigate turbulent waters and capitalize on emerging opportunities in the digital landscape. Looking ahead, Baidu's ( NASDAQ:BIDU ) commitment to innovation and strategic diversification bodes well for its long-term growth trajectory. As the company continues to harness the power of AI to drive business outcomes and enhance user experiences, investors eagerly anticipate the unfolding chapters of Baidu's journey in shaping the future of technology and advertising in China and beyond.
NASDAQ:BIDULong
by DEXWireNews
StrugglingThe window that has been opened on January 12th has been closed on 24th January already. This rise has been retraced on February 2nd. Then we saw a Reversal island. The small candles yesterday and today so far are indicating that we are fighting to build a bottom now. On top there are no real resistances. The former bottom of January 3rd had been broken on the 12th January already and may be seen as a hurdle but not as a high one. So if we van consolidate at the present levels there may be room until 124 at least.
NASDAQ:BIDULong
by motleifaul
Samsung is Integrating Baidu's Ernie Bot to Catapult Galaxy S24 In a strategic maneuver to overcome the challenges posed by the Chinese government's stringent restrictions on Google services, Samsung Electronics Co. has chosen to collaborate with Baidu Inc., ( NASDAQ:BIDU ) integrating the renowned Ernie Bot into its upcoming Galaxy S24 smartphone series for the Chinese market. This groundbreaking partnership marks a pivotal moment for Samsung, positioning the Galaxy S24 as the vanguard of a new era of AI smartphones tailored for the Chinese audience. The integration of Baidu's ( NASDAQ:BIDU ) Ernie Bot is set to redefine the user experience by offering advanced AI functionalities, including text summarization, organization, translation, and the innovative "circle to search" feature. Baidu's ( NASDAQ:BIDU ) artificial intelligence tools are expected to seamlessly handle tasks involving vast amounts of information, streamlining user interactions and enhancing overall device performance. The move to include Ernie Bot also addresses the absence of Google services, crucial for AI functionalities in the international version of the Galaxy S24. One of the standout features of the collaboration is the incorporation of visual search capabilities within the chatbot, allowing users to explore the internet for items using photos or images. This not only adds a layer of convenience for users but also aligns with the growing trend of integrating visual AI solutions into smartphones. Samsung's decision to leverage Baidu's ( NASDAQ:BIDU ) AI prowess is a direct response to the challenges posed by the Chinese government's restrictions on major Google services. Despite holding a relatively modest market share in China (1-2%), Samsung aims to carve a significant niche by embracing local solutions, thereby ensuring compliance with regulatory requirements and fostering a more tailored user experience. The Chinese market, known for its unique preferences and regulations, has become a battleground for smartphone manufacturers seeking to establish a foothold. Samsung's adoption of Baidu's ( NASDAQ:BIDU ) Ernie Bot represents a strategic pivot, as it not only addresses regulatory constraints but also positions the Galaxy S24 as a tech-savvy, locally compliant smartphone. By embracing this collaboration, Samsung hopes to not only boost sales in the Chinese market but also resonate with a broader audience, potentially attracting new customers who prioritize seamless AI interactions. The integration of Ernie Bot into the Galaxy S24 showcases Samsung's commitment to adapting to regional nuances, acknowledging the importance of aligning with local tech ecosystems for sustained success. As the Galaxy S24 hits the shelves, all eyes will be on Samsung to observe how this innovative partnership unfolds and whether it indeed propels the smartphone giant to new heights in the competitive Chinese market.
NASDAQ:BIDU
by DEXWireNews
Baidu's Ernie Bot Surges, Signaling Growth Potential for $BIDU Baidu, the Chinese tech giant, has made significant strides with its Large Language Model (LLM), Ernie Bot, challenging OpenAI's ChatGPT for supremacy. The recent milestone achievement of surpassing 100 million users highlights the growing influence and potential of Baidu's AI endeavors. This article explores Baidu's journey in the AI market, the success of Ernie Bot, and why investors should consider BIDU as a compelling investment opportunity. Baidu's Resilience in the AI Market: Despite the initial skepticism surrounding Ernie Bot's launch in March 2023, Baidu has demonstrated resilience and maintained its first-mover advantage in the saturated AI market. Analysts acknowledge that Baidu's ability to weather the initial challenges positions it as a key player, especially with the emergence of other Chinese tech companies in the AI sector. Ernie Bot's Rapid User Base Expansion: Ernie Bot's user base experienced a monumental surge, reaching over 100 million users within months of its public launch in August. This remarkable growth is a testament to the chatbot's widespread acceptance and adoption. Wang Haifeng, CTO at Baidu, emphasized this achievement, signaling a positive trajectory for the company's AI initiatives. Competing Globally, Leading Locally: In the race for AI supremacy, Baidu's Ernie Bot has not only become a global contender but has also solidified its position as the leader in the Chinese market. SuperCLUE's recent report, ranking generative AI-powered chatbots, revealed that Ernie Bot scored an impressive 79.02, outpacing other competitors in the Chinese market. While trailing OpenAI's ChatGPT by ten points, Ernie Bot's dominance at the domestic level is undeniable. Baidu's Strategic Response to Market Dynamics: Baidu's strategic response to the evolving AI landscape has positioned the company as a forward-thinking player. With Ernie Bot at the forefront, Baidu continues to invest in the growth and development of its generative AI capabilities. This commitment to innovation is a crucial factor for investors looking to capitalize on the future potential of the AI market. What Makes NASDAQ:BIDU a Buy 1. Market Leadership in China: Baidu's stronghold in the Chinese market, as indicated by Ernie Bot's impressive SuperCLUE ranking, provides a unique investment opportunity for those seeking exposure to the burgeoning AI sector in China. 2. User Base Expansion: The rapid expansion of Ernie Bot's user base to over 100 million within a short span underscores the market's acceptance of Baidu's AI offerings, boding well for the company's revenue growth. 3. Strategic Advantage: Baidu's resilience and ability to maintain a competitive edge in the face of emerging players in the AI market position it as a strategic investment choice. 4. Innovation Pipeline: Baidu's commitment to fostering AI development signals a continuous pipeline of innovative products and services, which can potentially drive future revenue growth. As Baidu's Ernie Bot continues to make waves in the AI industry, investors are presented with a compelling opportunity to capitalize on the company's growth trajectory. With a resilient market position, rapid user base expansion, and a strategic focus on innovation, Baidu ( NASDAQ:BIDU ) emerges as a strong contender for those looking to invest in the future of artificial intelligence.
NASDAQ:BIDULong
by DEXWireNews
Baidu Baidu, Inc. is a Chinese multinational technology company specializing in Internet-related services, products, and artificial intelligence, headquartered in Beijing's Haidian District. It is one of the largest AI and Internet companies in the world Dominating the Chinese Web: 1. Top Dog: Baidu holds a whopping 70%+ market share in China's search engine market, meaning over 90% of Chinese internet users rely on it daily. 2. More Than Search: It's the "Google of China," offering maps, music, news, cloud storage, and even its mobile operating system! 3. Early Adopter: Baidu predated Google's ad bidding system by a year, pioneering a pay-per-click model that became the industry standard. Tech Titan with a Vision: 1. AI Powerhouse: Baidu boasts over 7,000 published AI patent applications, the most in China. Its open AI platform, Baidu Brain, empowers developers with powerful tools. 2. Driving Forward: Baidu Apollo is at the forefront of autonomous vehicle technology, with self-driving taxis already operating in select Chinese cities. 3. Fighting Pandemics: During the COVID-19 outbreak, Baidu developed health-monitoring tools and AI-powered solutions to combat the virus. In conclusion, Baidu's importance to China lies not just in its dominant search market share, but also in its role as a technological innovator, economic driver, and contributor to the country's digital future. It paves the way for information access, fuels AI advancements and shapes the internet landscape within the unique Chinese context. We will be adding Baidu to our portfolio if the share price keeps on falling. It is currently trading at 2019 levels but a greater discount will be an opportunity to accumulate downwards. The stock price is trading below its 48 Months Moving Average, making the stock attractive at current levels.
NASDAQ:BIDULong
by EquityWhale