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Baidu Shares Drop On Weak Q2 Profit, Despite AI Strength; To Invest More In AI
Shares of Baidu Inc. were losing around 6 percent in the pre-market activity on Nasdaq after the Chinese AI and internet company reported Tuesday sharply lower profit in its second quarter with weak revenues mainly in online marketing business, despite improved performance in Core AI-powered Business. Going ahead, the company aims to invest in AI as the core driver of its long-term growth.
RTTNews
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24 days ago
Baidu Q1 Profit Drops, AI Revenues Rise; Sees AI Growth Ahead; Stock Rises
Shares of Baidu Inc. were gaining around 4 percent in the pre-market activity on Nasdaq after the Chinese AI and internet company Monday reported significantly higher revenues in Core AI-powered Business in its first quarter and projected AI growth ahead, even as net profit and total revenues dropped from last year.
RTTNews
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116 days ago
