10 AI News Updates Investors Should Not Miss

3. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 54

Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet giant that provides online marketing and cloud services through an internet platform. It offers search-based, feed-based, and other online marketing services, cloud services, products, and other services from AI initiatives. On January 24th, analysts at Benchmark reiterated a Buy rating on the stock with a $130 price target amid expectations that the company’s advertising business will recover as the negative effects of AI search normalize.

In addition, the analyst reiterated that investors should not underestimate Baidu, Inc.’s (NASDAQ:BIDU) advancements in the Robotoaxi sector amid the AI revolution. The company has made significant progress and is eyeing entry into the international market in 2025. The remarks come on the heels of Baidu beating Microsoft and Google in natural language processing competition, affirming its vast investments in AI.