Yongyuan Dai
Shares of Baidu (NASDAQ: BIDU) have seen a strong upside revaluation since reaching a low in November which has been related to a number of factors including (1) Improving investor sentiment, (2) The reopening of China's economy after a brutal 3-year stretch of COVID-19 lockdowns and (3) The company's February announcement of a $5B stock buyback that is expected to be completed by the end of FY 2025.
Shares of Baidu (NASDAQ: BIDU) have seen a strong upside revaluation since reaching a low in November which has been related to a number of factors including (1) Improving investor sentiment, (2) The reopening of China's economy after a brutal 3-year stretch of COVID-19 lockdowns and (3) The company's February announcement of a $5B stock buyback that is expected to be completed by the end of FY 2025.
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