Given that U.S.-China relations haven’t exactly been affectionate, the mentioning of Baidu (NASDAQ:BIDU) – even as a compelling argument for the ultra-hot artificial intelligence (AI) space – will undoubtedly arouse controversy for some investors. However, the underlying tensions themselves, along with attractive financial metrics, practically sell the case for Baidu. Therefore, I am bullish on BIDU stock.
BIDU Stock Rides the Biggest Tailwind Ever — China
Specializing in internet-related services, Baidu often draws comparisons to Alphabet (NASDAQ:GOOG) NASDAQ:GOOGL) with the label “Google of China.” Presenting various services that are similar to Google’s offerings, such as Baidu Maps, the Chinese tech juggernaut has aggressively moved into the AI domain. Further, BIDU stock should benefit from support from China’s private and public sectors.
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