Marketing tech
fromwww.morningstar.com
10 hours agoBaidu: Moat Downgraded to None from Wide; AI Segment Growth to Offset Search Decline In Long Run
Baidu's search business lost its competitive moat as users migrate to alternative platforms, prompting a moat downgrade and 12% valuation cut to $128 per share, though AI-powered businesses present undervalued growth opportunities.