A Chinese AI Warning Looks Bad for Alibaba and Baidu. But Investors Aren’t Seeing That Yet

MarketWatch2023-02-09

A tough word from Chinese state media on the investor frenzy over artificial intelligence stocks seems a bad sign for Alibaba, Baidu, and other China tech darlings. But it doesn’t look like the AI ...

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Comments

Smartis
2023-02-09
Smartis
Its about baidu
Longs
2023-02-09
Longs
👌🏼🙏🏼
CJCJ
2023-02-09
CJCJ
The more I want to buy in after reading. China ai is fast catching up and maybe it is much ahead then we know.
n86887
2023-02-09
n86887
Cook

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With both Alibaba and Baidu pushing ahead on AI—and seeing their stocks benefit from investor interest in the sector—the Securities Times article should be taken seriously.Nevertheless, the stock market thinks the music isn’t stopping yet.While the decline in the smaller Chinese names looks like it came on the back of the editorial—CloudWalk epitomizes the craze, up more than 100% in a month—Baidu’s fall almost matched action in the company’s U.S.-listed stock on Wednesday. And Alibaba actually gained in Hong Kong, rising 4%. Baidu stock was up 1.5% in U.S. premarket trading after Asian markets closed. Alibaba shares rose another 3.9%.Wall Street is still gripped with AI mania—a trend in recent weeks that is linked to the high-profile public launch of Microsoft-backed (MSFT) OpenAI’s ChatGPT chatbot.Microsoft wants to use the bot to beef up its long-neglected Bing web search engine. Google parent Alphabet(GOOGL) will launch a ChatGPT competitor, and investors seemed nervous about the prospect that Google’s search dominance may be disrupted. Alibaba and Baidu—which have both announced that their own chatbots are in the works—have emerged as Chinese ways to play the theme.Investors have learned tough lessons from Chinese regulators in the past two years, chiefly that they are not to be trifled with. 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China ai is fast catching up and maybe it is much ahead then we know.","listText":"The more I want to buy in after reading. China ai is fast catching up and maybe it is much ahead then we know.","text":"The more I want to buy in after reading. China ai is fast catching up and maybe it is much ahead then we know.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954959655","repostId":1112985819,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9954950107,"gmtCreate":1675945220910,"gmtModify":1675945224359,"author":{"id":"4110119270548472","authorId":"4110119270548472","name":"n86887","avatar":"https://community-static.tradeup.com/news/c510165e512da25b8a7521d146874ef1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"4110119270548472","idStr":"4110119270548472"},"htmlText":"Cook","listText":"Cook","text":"Cook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954950107","repostId":1112985819,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":63,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1112985819"}