|Bid||240.00 x 800|
|Ask||241.09 x 1300|
|Day's Range||240.05 - 243.77|
|52 Week Range||173.52 - 284.22|
|PE Ratio (TTM)||28.89|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Baidu’s (BIDU) COO, Qi Lu, is leaving the company in July, according to a company statement. Baidu hired Lu from Microsoft (MSFT) in late 2016 and charged him primarily with the responsibility of overseeing its AI projects. Baidu is banking on AI to enable it to open up new revenue sources and diversify its revenue streams beyond advertising.
Chinese Internet giant Baidu (BIDU) is spinning off another division. Earlier this year, it spun off its financial services business and iQiyi, its video streaming division, which went public. Baidu plans to sell a majority of its stake in the unit and will maintain 34% stake in the business, which will then raise additional capital to expand.
Baidu (BIDU) has generated investor returns of 3.2% in the trailing-one-month period and 25.2% in the trailing-12-month period. The company’s share price has fallen 11.8% in the trailing-five-day period.
News about Baidu Inc (ADR) (NASDAQ:BIDU) has brought a new round of volatility. The Chinese-language internet search king saw its stock fall on news of the resignation of COO Qi Lu. While that change creates a degree of uncertainty, it also becomes a speed bump for Baidu stock.
Baidu Inc (NASDAQ:BIDU) delivered an ROE of 15.91% over the past 12 months, which is an impressive feat relative to its industry average of 12.67% during the same period. OnRead More...
Last week, Baidu Inc (ADR) (NASDAQ:BIDU) announced that its Chief Operating Officer, former Microsoft Corporation (NASDAQ:MSFT) executive Qi Lu, would be stepping down as COO and transitioning to more part-time duties at BIDU. The market seems to think that the Lu exit is a big deal. Ever since that announcement, BIDU stock has dropped nearly 15%, equating to a $12-billion drop in market value.
Baidu, Inc. ( BIDU) shares moved sharply lower on Monday after the company announced that it would divest its global ad and tools business that includes DU Caller, Mobojoy, Photo Wonder and DU Recorder. After the transaction is completed, the company will own just over one-third of Global DU's outstanding shares and will effectively relinquish control. The divestiture will enable Baidu to focus on AI-powered businesses, including PopIn, Simeji and various other products offered in the U.S. and across Southeast Asia.
Baidu Inc (ADR) (NASDAQ:BIDU) shares have been falling for the last two trading days on headlines. In a rising stock market, BIDU stock will be fine. Having said that, Baidu is a momentum stock, so it runs fast in either direction.
With the exception of small caps, major U.S. stock indices took a breather this past week. That actually bodes well for the bull case, in my opinion. With that in mind, let’s get a look at our top stock trades for this week.Top Stock Trades for Monday #1: PayPal (PYPL)
U.S. stock futures are surging higher this morning. Wall Street bulls are taking charge again after the U.S. and China called a trade truce that could lower America’s Chinese trade deficit. Over the weekend, Treasury Secretary Steven Mnuchin said that the Donald Trump administration would delay tariffs on Chinese goods and “put the trade war on hold” as the two countries worked out a deal.
Shares of Baidu Inc. are up 1.1% in premarket trading after the company said it had reached agreements pertaining to the divestiture of its ad and tools business, known as its Global DU business. "We have been able to build global adoption of DU ads and tool apps through Baidu's strong technological team. Upon this divestiture, the Global DU business will have more autonomy and agility in its operation and will receive a cash injection to further support the growth of its business," Chief Financial Officer Herman Yu said in a release.
The departure of Baidu Inc.’s most senior operational executive threatens to derail the Chinese search giant’s ambition of placing artificial intelligence at the heart of its business. On Friday, the company stunned investors with the revelation that Microsoft Corp. veteran Qi Lu -- hired just over a year ago to accelerate its drive into everything from autonomous cars to digital assistants -- was stepping down because he could no longer work full-time in China for personal reasons. Credit Suisse Group AG became among the first to raise a warning flag when it downgraded the stock.
Lu Qi, who oversaw Baidu Inc's shift to artificial intelligence (AI) after a damaging ad scandal in 2016, is stepping down as chief operating officer, China's biggest search engine said on Friday. Lu, a former Microsoft executive and AI expert who joined Baidu in late 2016, is currently responsible for day-to-day operations in its AI unit, which has become the company's core focus in the past year. Lu is viewed as a top figure in the global AI industry, and joined Baidu at a time when the company was rebuilding investor confidence after a medical scandal linked to its search business led to strict new regulations that gutted the firm's ad revenue.
Lu Qi, who oversaw Baidu Inc's (BIDU.O) shift to artificial intelligence (AI) after a damaging ad scandal in 2016, is stepping down as chief operating officer, China's biggest search engine said on Friday. Lu, a former Microsoft executive and AI expert who joined Baidu in late 2016, is currently responsible for day-to-day operations in its AI unit, which has become the company's core focus in the past year. Lu is viewed as a top figure in the global AI industry, and joined Baidu at a time when the company was rebuilding investor confidence after a medical scandal linked to its search business led to strict new regulations that gutted the firm's ad revenue.
Chinese search-engine giant Baidu Inc. is facing more turmoil in its top ranks, with President Qi Lu planning to relinquish his operational roles after about 18 months on the job. Baidu had been betting on Mr. Lu to help it move beyond its roots as a search engine into self-driving cars and other businesses driven by artificial intelligence. A former top executive with Microsoft Corp., Mr. Lu was hired with much fanfare in January 2017, taking over day-to-day leadership from Baidu Chairman Robin Li.
Baidu stock sold off Friday as analysts pondered whether its push into artificial intelligence will stall in the wake of its chief operating officer stepping down.