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<Research>BofAS Reiterates Buy on Baidu (BIDU.US) w/ TP Lifted to USD151
Recommend 8 Positive 9 Negative 5 |
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BIDU-SW (09888.HK) (BIDU.US) has disclosed for the first time the business outcomes driven by its AI technology development, according to a report from BofA Securities. In 3Q25, revenue from BIDU-SW's new AI businesses increased by over 50% YoY to around RMB10 billion. Specifically, revenue from intelligent cloud infrastructure grew by 33% YoY to RMB4.2 billion, AI high-performance computing facility subscription revenue soared by 128%, AI application revenue swelled by 6% to RMB2.6 billion, and AI-native marketing service revenue rocketed by 262%. BofA Securities reiterated a Buy rating and lifted its target price for Baidu (BIDU.US) from USD100 to USD151 and for BIDU-SW (09888.HK) from HKD98 to HKD148. AAStocks Financial News |
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