#baidu

#baidu

When it comes to Chinese internet giant Baidu ( NASDAQ:BIDU), I think investors stand to get AI-powered growth at a very reasonable price. Additionally, with a 0.43 beta, investors might be able to enjoy a less choppy ride once the next market-wide correction in U.S. markets finally happens. At the time of this writing, shares of Baidu trade at 10.8 times trailing price-to-earnings (P/E). Good luck finding anything that cheap that's remotely tied to the AI trade.

Mad Money host Jim Cramer had some nice things to say about two of China's top tech innovators in a recent episode of the Lightning Round. Notably, he said that Baidu ( NASDAQ:BIDU) and Alibaba ( NASDAQ:BABA) were "good." And while shares of both Chinese AI innovators have gained significant traction over the past year, it's worth mentioning that both names are well off their all-time highs and have since slipped significantly off their recent 52-week highs.

Most of Baidu's revenue drop came from its online marketing segment, which fell 15%. That part of the business usually makes up about 60% of total revenue, so the hit was significant. The decline reflects Chinese companies pulling back on ad spending, driven by a slowing economy, weak hiring, and a sluggish property market. Many businesses are cutting costs wherever they can, and ad budgets are an easy target, which has directly hit Baidu's search advertising income.

Hit by a property market downturn, weak employment rates and choppy consumer demand, companies in China, the world's second-largest economy, have reined in advertising spending to cut costs and protect their margins. The squeeze has spilled over into Baidu, which relies heavily on advertising in its search engine. Its core online advertising business, which typically makes up 60% of overall company revenue, saw revenue decrease 15% to 16.2 billion yuan during the April-June quarter.

By integrating Baidu's cutting-edge autonomous driving technology with Lyft's platform reach and operational expertise, we're excited to deliver safer, greener, and more efficient mobility solutions to more users.

Cars are being utilized for taxi services in eleven Chinese cities. They are restricted to geofenced areas, which limits broader travel capabilities.

Baidu's AI-powered digital avatar of influencer Yonghao Luo successfully hosted a livestream, achieving 13 million views and generating $7.5 million in sales.

Baidu is working on an AI translation system aimed at decoding animal sounds, potentially bridging communication gaps between humans and their pets.