GOOG - Baidu: A Future Tech Giant Trading At A Substantial Discount
- Baidu Apollo is a leading autonomous driving player in China, and its commercialization.
- The Baidu CEO said that non-ad business (mainly Baidu Cloud and Apollo) could take >50% of total core revenue in three years.
- Though iQIYI was troublesome in the past, it recently turned profit due to efficiency improvement.
- Baidu’s public image keeps improving in China as it’s turning itself into an AI/tech-focused firm rather than a traditional media/internet company in the public eye.
- Current valuation offers ~100% upside potential.
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Baidu: A Future Tech Giant Trading At A Substantial Discount