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An update from Baidu, Inc. Class A ( (HK:9888) ) is now available.
Baidu announced its unaudited financial results for the fourth quarter and fiscal year 2024, marking a significant year of transformation towards an AI-first business. The company saw a 26% year-over-year revenue growth in its AI Cloud business, despite challenges in its online marketing segment. CEO Robin Li highlighted the validation of Apollo Go’s business model and expressed confidence in future AI investments driving substantial results in 2025. While the company faced a slight decline in total revenues and operating income compared to the previous year, its strategic focus on AI is expected to foster long-term success.
More about Baidu, Inc. Class A
Baidu, Inc. is a leading company in the artificial intelligence (AI) industry with a strong foundation in internet services. It is known for its advancements in AI Cloud and AI-driven mobile ecosystem, as well as its autonomous driving platform, Apollo Go. The company is listed on Nasdaq and the Hong Kong Stock Exchange and operates under a weighted voting rights structure.
YTD Price Performance: 16.75%
Average Trading Volume: 10,518,534
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$270.8B
For detailed information about 9888 stock, go to TipRanks’ Stock Analysis page.
