Morgan Stanley has upgraded shares of Baidu (NASDAQ:BIDU) to Overweight from the previous rating of Equal Weight and upped the price target to $190 per share from $160. Baidu, which has the best exposure to AI in China, according to Morgan Stanley, is expected to experience a business transformation with better productivity and efficiency through increased IT spending and accelerated cloud adoption. The analysts are optimistic that Baidu will gain cloud market share due to its impressive AI capabilities. China’s AI industry is currently at an inflection point, with Baidu being the best play to capture the $7.4 trillion AI internet opportunity. Morgan Stanley assigns a 12% upside to its 2025 core revenues in an AI-enabled scenario, and regulatory approval may be a near-term catalyst.
Baidu named top AI stock in China by Morgan Stanley with an upgrade to Overweight
Date:
Frequently Asked Questions (FAQs) Related to the Above News
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
More like thisRelated
Samsung’s Foldable Phones: The Future of Smartphone Screens
Discover how Samsung's Galaxy Z Fold 6 is leading the way with innovative software & dual-screen design for the future of smartphones.
Unlocking Franchise Success: Leveraging Cognitive Biases in Sales
Unlock franchise success by leveraging cognitive biases in sales. Use psychology to craft compelling narratives and drive successful deals.
Wiz Walks Away from $23B Google Deal, Pursues IPO Instead
Wiz Walks away from $23B Google Deal in favor of pursuing IPO. Investors gear up for trading with updates on market performance and key developments.
Southern Punjab Secretariat Leads Pakistan in AI Adoption, Prominent Figures Attend Demo
Experience how South Punjab Secretariat leads Pakistan in AI adoption with a demo attended by prominent figures. Learn about their groundbreaking initiative.