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home / news releases / baidu facing competition in ai but potential seasona

TCEHY - Baidu: Facing Competition In AI But Potential Seasonality-Led Upside

Tencent Holdings Ltd. ADR

2024-06-10 09:44:10 ET

Summary

  • Baidu's stock has dropped 13.44% since February 26, trading at around $96.
  • Despite facing competition in the AI bot market, Baidu has doubled its user base and focuses on user experience.
  • Despite such progress, revenues have increased, but only slightly in the first quarter of 2024.
  • The company is facing strong competition which could pose risks to its market share and profitability status.
  • Based on historical data and seasonality, there could be a 20% upside.

Since I last covered Baidu (BIDU) on February 26, it has lost 13.44% and the stock is now trading at around $96 as charted below....

For further details see:

Baidu: Facing Competition In AI But Potential Seasonality-Led Upside
Stock Information
Company Name: Tencent Holdings Ltd. ADR
Stock Symbol: TCEHY
Market: OTC
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