10 Buzzing AI Stocks Dominating Headlines

7. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 54

Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet giant and AI pioneer, known for its noteworthy investments in artificial intelligence technology and its position as the dominant search engine within the country. On February 18, Citi analyst Alicia Yap maintained a “Buy” rating on the stock with an associated price target of $139.00. The rating follows Baidu’s better-than-expected financial results for the fourth quarter of 2024.

In particular, AI cloud revenue was a star performer, with a 26% year-over-year growth. Cloud services growth has been good for Baidu’s profitability, as reflected by its better-than-anticipated operating and net income figures. The company has also highlighted a slight increase in its monthly active users on its app, reflecting its steady user engagement. Online marketing revenue did decline, but disciplined cost management and operational efficiency helped the company maintain profitability.