Baidu's Latest AI Approach Might Mitigate Concerns of Chip Shortages -- Market Talk

Dow Jones04-17

0253 GMT - Baidu's approach of integrating different AI models might mitigate the concerns about chip shortages, Citi analysts led by Alicia Yap say in a research note. The Beijing-based company hosted a conference on Tuesday, where it noted that integrating different Baidu AI models will help developers balance cost and speed. Citi analysts believe Baidu has demonstrated its strategic vision for AI development and maintain their buy rating on its ADRs, with a target price of $176.00. ADRs closed 0.1% lower at $96.12, while its Hong Kong-listed shares are 1.3% lower at HK$92.90. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 16, 2024 22:53 ET (02:53 GMT)

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The Beijing-based company ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0831093199.SGD","symbol_name":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428358025","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428358025","pubTimestamp":1713322380,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0253 GMT - Baidu's approach of integrating different AI models might mitigate the concerns about chip shortages, Citi analysts led by Alicia Yap say in a research note. 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