Movement Alert｜BIDU-W Intraday Rise 3.12% in Regular Trading, AI cloud growth outlook supports sentiment ahead of quarterly results

Market Focus10-28

On October 28, BIDU-W rose 3.12% in Regular Trading, trading at HK$77.6, with turnover of HK$236 million.

The clearest market catalyst in recent public information is a cluster of pre-earnings analyst notes that maintained Buy-equivalent views while highlighting accelerating AI cloud infrastructure growth, even as several firms trimmed target prices to reflect weaker advertising trends.

Recent previews broadly projected third-quarter AI cloud infrastructure revenue growth of 90% to 99% year over year. One forecast put that business at RMB8.35 billion, while other estimates also pointed to near-doubling growth driven by strong GPU demand and multi-year prepaid customer contracts. At the same time, the company said it will review third-quarter results on November 16 and hold an earnings call that evening, keeping investor focus on whether AI cloud momentum can offset pressure in core advertising.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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