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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Baidu, Inc.    BIDU

BAIDU, INC.

(BIDU)
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Baidu : Increasing Investments in Cloud Computing, Other New Infrastructure

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07/02/2020 | 12:19pm EDT

By Stephen Nakrosis

Baidu Inc. said Thursday it plans to increase its investment in cloud computing, artificial intelligence, data centers and other new infrastructure over the next 10 years to prepare for "the smart economy of the future."

The company also said it plans to train five million AI professionals in the next five years. To that end, Baidu said, it has "been working with more than 200 leading universities in China to develop courses related to AI and deep learning and has already trained more than one million AI experts."

The company also plans to have five million intelligent cloud servers by 2030, it said.

"New infrastructure--which encompasses emerging technologies like AI, cloud computing, 5G, IoT and blockchain--will be the driver for China's economic development in the coming decades," said Haifeng Wang, Baidu's chief technology officer.

Baidu says it is a search engine, knowledge and information centered internet platform and AI company.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

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Financials
Sales 2020 109 B 15 626 M 15 626 M
Net income 2020 10 273 M 1 474 M 1 474 M
Net cash 2020 101 B 14 463 M 14 463 M
P/E ratio 2020 28,3x
Yield 2020 -
Capitalization 290 B 41 550 M 41 598 M
EV / Sales 2020 1,74x
EV / Sales 2021 1,37x
Nbr of Employees 37 779
Free-Float 78,9%
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Technical analysis trends BAIDU, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 36
Average target price 1 030,74 CNY
Last Close Price 841,44 CNY
Spread / Highest target 60,8%
Spread / Average Target 22,5%
Spread / Lowest Target -19,9%
EPS Revisions
Managers
NameTitle
Yan Hong Li Chairman & Chief Executive Officer
Herman Yu Chief Financial Officer
Hai Feng Wang Chief Technology Officer
Ji An Ding Independent Director
Brent Callinicos Independent Director
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