Baidu Stock: Ride the Cloud to Profits – TipRanks

Beijing-headquartered Baidu (BIDU) provides artificial intelligence (AI), cloud, and Internet search services in China. I am bullish on the stock.

There’s no denying it, investing in Chinese technology businesses has been a challenge. The nation’s crackdown on tech-related businesses, based on security concerns, has been well documented. This factor could cause some traders to avoid Baidu stock, based on fear that Baidu can’t thrive in this restrictive environment.

On top of that, some investors may be worried about restrictions in China due to the COVID-19 pandemic. This is a valid concern, so Baidu’s financial results should be monitored carefully. Prospective investors can check to see if Baidu managed to mitigate its losses, or even showed improvement in its crucial segments. These include Baidu’s Core (search engine/ad revenue/marketing) segment as well as the company’s sometimes overlooked AI Cloud business.

At the end of the day, it’s fine to be concerned about China-based…

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source: https://news.oneseocompany.com/2022/05/31/baidu-stock-ride-the-cloud-to-profits-tipranks_2022053120864.html

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