BMW China Partnership Shows That Baidu Inc Is On The Right AI Track
The past few months have been a roller coaster ride for China digital search giant Baidu Inc (ADR) (NASDAQ:BIDU). From the beginning of April to the middle of May, BIDU stock rallied from $220 to $280 thanks to resurgent strength in China technology stocks and a really strong double-beat-and-raise first-quarter earnings report which underscored strengthening long-term fundamentals. Lu was widely considered to be the “AI guy” at Baidu, and AI is at the core of Baidu’s growth engine.
Source:: https://finance.yahoo.com/news/bmw-china-partnership-shows-baidu-110116364.html
