Baidu's AI Search strategy 'will bear fruit' despite starting later than Google: Bernstein

seekingalpha08-13

Bernstein rated Baidu's (NASDAQ:BIDU) stock as Outperform but lowered the price target to $130 from $135 as it reduced its revenue and EPS estimates of the Chinese company on second quarter headwinds ...

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Max87
08-16
Max87
Very well analyzed & open 👍

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starting later than Google: Bernstein\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-13 20:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4139111-baidus-ai-search-strategy-will-bear-fruit-despite-starting-later-than-google-bernstein><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bernstein rated Baidu's (NASDAQ:BIDU) stock as Outperform but lowered the price target to $130 from $135 as it reduced its revenue and EPS estimates of the Chinese company on second quarter headwinds ...</p>\n\n<a href=\"https://seekingalpha.com/news/4139111-baidus-ai-search-strategy-will-bear-fruit-despite-starting-later-than-google-bernstein\">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":"LU0096364046.USD","symbol_name":"CT (LUX) I AMERICAN \"DU\" (USD) 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The firm highlighted how Baidu's AI Search strategy and rollout compare with that of global leader Google, an Alphabet (GOOG) (GOOGL) unit. Analysts led by Boris Van noted that AI Overview in Search is the key new AI feature in both companies, but Google is going deep and building it out advanced functionality, whereas Baidu has less advanced features and is developing an agent plug-in chat ecosystem. Google has seen a fast rollout due to competitive pressures and Baidu is largely following the same timeline of testing and rolling out AI features (though with a later start), but the Chinese internet search giant has seen a different path of monetization, one that is slower and more staggered, potentially reflecting the inherently more competitive digital ad market in China, according to the analysts. The analysts added that positive results from AI user engagement at Google in as fewer as three months after launch of AI Overview, proving the product concept is working. Google has so far reported increased searches user engagement, and user satisfaction, especially among 18 to 24-year-old users. Ad revenues have correspondingly increased on ads before and after AI Overviews. Van and his team noted that their comparison brings reassurance that Baidu's plans will bear fruit, over and above current almost zero expectations baked in the stock. This comparison shows that the product strategy is the right one, the concept largely works, and Baidu's timeline is roughly in line. For Baidu's stock, the analysts take a more optimistic view that in spite of market pessimism on the challenges China AI faces and Baidu's more competitive situation, the company's AI strategies should yield some success, none of which is being priced in today.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":338916916174976,"gmtCreate":1723747608693,"gmtModify":1723747612680,"author":{"id":"3566067400555906","authorId":"3566067400555906","name":"Max87","avatar":"https://static.tigerbbs.com/219d0a08ffb0e55100e7065a33ff101a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3566067400555906","idStr":"3566067400555906"},"htmlText":"Very well analyzed &amp; open 👍","listText":"Very well analyzed &amp; open 👍","text":"Very well analyzed & open 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338916916174976","repostId":2459903883,"repostType":2,"repost":{"id":"2459903883","pubTimestamp":1723553212,"share":"https://ttm.financial/m/news/2459903883?lang=&edition=fundamental","pubTime":"2024-08-13 20:46","market":"us","language":"en","title":"Baidu's AI Search strategy 'will bear fruit' despite starting later than Google: Bernstein","url":"https://stock-news.laohu8.com/highlight/detail?id=2459903883","media":"seekingalpha","summary":"Bernstein rated Baidu's (NASDAQ:BIDU) stock as Outperform but lowered the price target to $130 from $135 as it reduced its revenue and EPS estimates of the Chinese company on second quarter headwinds ","content":"<html><body><p>Bernstein rated Baidu's (<span>NASDAQ:BIDU</span>) stock as Outperform but lowered the price target to $130 from $135 as it reduced its revenue and EPS estimates of the Chinese company on second quarter headwinds and staggered Search AI monetization.</p> <p>The firm highlighted<span> how Baidu's AI Search strategy and rollout compare with that of global leader Google, an Alphabet (</span>GOOG<span>) (</span>GOOGL<span>) unit.</span></p> <p>Analysts led by Boris Van noted that AI Overview in Search is the key new AI feature in both companies, but Google is going deep and building it out advanced functionality, whereas Baidu has less advanced features and is developing an agent plug-in chat ecosystem.</p> <p>Google has seen a fast rollout due to competitive pressures and Baidu is largely following the same timeline of testing and rolling out AI features (though with a later start), but the Chinese internet search giant has seen a different path of monetization, one that is slower and more staggered, potentially reflecting the inherently more competitive digital ad market in China, according to the analysts.</p> <p>The analysts added that positive results from AI user engagement at Google in as fewer as three months after launch of AI Overview, proving the product concept is working. Google has so far reported increased searches user engagement, and user satisfaction, especially among 18 to 24-year-old users. Ad revenues have correspondingly increased on ads before and after AI Overviews.</p> <p>Van and his team noted that their comparison brings reassurance that Baidu's plans will bear fruit, over and above current almost zero expectations baked in the stock. This comparison shows that the product strategy is the right one, the concept largely works, and Baidu's timeline is roughly in line.</p> <p>For Baidu's stock, the analysts take a more optimistic view that in spite of market pessimism on the challenges China AI faces and Baidu's more competitive situation, the company's AI strategies should yield some success, none of which is being priced in today.</p> </body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu's AI Search strategy 'will bear fruit' despite starting later than Google: Bernstein</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu's AI Search strategy 'will bear fruit' despite starting later than Google: Bernstein\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-13 20:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4139111-baidus-ai-search-strategy-will-bear-fruit-despite-starting-later-than-google-bernstein><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bernstein rated Baidu's (NASDAQ:BIDU) stock as Outperform but lowered the price target to $130 from $135 as it reduced its revenue and EPS estimates of the Chinese company on second quarter headwinds ...</p>\n\n<a href=\"https://seekingalpha.com/news/4139111-baidus-ai-search-strategy-will-bear-fruit-despite-starting-later-than-google-bernstein\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458699003/image_458699003.jpg","relate_stocks":{"89888":"百度集团-SWR","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0173614495.USD":"富达中国焦点A","BK4566":"资本集团","BK1588":"回港中概股","BK4553":"喜马拉雅资本持仓","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0197773673.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AS\" (USD) INC","BK4077":"互动媒体与服务","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4550":"红杉资本持仓","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK1587":"次新股","BK4552":"Archegos爆仓风波概念","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0079474960.USD":"联博美国增长基金A","GOOG":"谷歌","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","BK4561":"索罗斯持仓","GOOGL":"谷歌A","09888":"百度集团-SW","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0061474960.USD":"天利环球焦点基金AU Acc","BIDU":"百度","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0109392836.USD":"富兰克林科技股A","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","BK4514":"搜索引擎","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU0823426308.USD":"法巴中国股票基金","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU0287142896.SGD":"Fidelity China Focus A-SGD","BK4554":"元宇宙及AR概念"},"source_url":"https://seekingalpha.com/news/4139111-baidus-ai-search-strategy-will-bear-fruit-despite-starting-later-than-google-bernstein","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2459903883","content_text":"Bernstein rated Baidu's (NASDAQ:BIDU) stock as Outperform but lowered the price target to $130 from $135 as it reduced its revenue and EPS estimates of the Chinese company on second quarter headwinds and staggered Search AI monetization. The firm highlighted how Baidu's AI Search strategy and rollout compare with that of global leader Google, an Alphabet (GOOG) (GOOGL) unit. Analysts led by Boris Van noted that AI Overview in Search is the key new AI feature in both companies, but Google is going deep and building it out advanced functionality, whereas Baidu has less advanced features and is developing an agent plug-in chat ecosystem. Google has seen a fast rollout due to competitive pressures and Baidu is largely following the same timeline of testing and rolling out AI features (though with a later start), but the Chinese internet search giant has seen a different path of monetization, one that is slower and more staggered, potentially reflecting the inherently more competitive digital ad market in China, according to the analysts. The analysts added that positive results from AI user engagement at Google in as fewer as three months after launch of AI Overview, proving the product concept is working. Google has so far reported increased searches user engagement, and user satisfaction, especially among 18 to 24-year-old users. Ad revenues have correspondingly increased on ads before and after AI Overviews. Van and his team noted that their comparison brings reassurance that Baidu's plans will bear fruit, over and above current almost zero expectations baked in the stock. This comparison shows that the product strategy is the right one, the concept largely works, and Baidu's timeline is roughly in line. For Baidu's stock, the analysts take a more optimistic view that in spite of market pessimism on the challenges China AI faces and Baidu's more competitive situation, the company's AI strategies should yield some success, none of which is being priced in today.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"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":"4.29.1","shortVersion":"4.29.1","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/2459903883"}