"Dah Sing" lowered baidu (09888.HK) target price to 102 yuan, adjusting down advertising and iqiyi revenue forecasts.
DBS released a report stating that due to the weak macro market and the upgrade of artificial intelligence search, it is expected that Baidu (09888.HK) will see a 1.5% decrease in network marketing revenue for the fiscal year 2024, and a 3% increase for the fiscal year 2025. The AI cloud business is the mid-term driver, with expected revenue for this segment to have a compound annual growth rate of 13% from fiscal years 2023 to 2026. DBS has lowered its adjusted profit forecasts for Baidu for the fiscal years 2024 to 2026 by 3%/8%/9%, to reflect assumptions of declining advertising and iQIYI revenue. Bullish on the prospects of artificial intelligence and cloud business, maintaining a 'buy' rating with the target price revised down from 138 yuan.
Express News | iqiyi will adjust the standard of duration tiers for sharing network movie revenue.
The U.S. stock market hit a new high again, with Chinese concept stocks and cryptos surging! Waiting quietly for the "crucial moment".
After the overnight Dow Jones Industrial Average and S&P 500 index hit new highs in intraday trading, the Japanese stocks also opened strongly.
U.S. stocks close: Fed rate cut enters countdown, S&P and Dow hit new intraday highs.
①China concept stocks rise across the board, NASDAQ China Golden Dragon Index rises by 1.83%; ②BlackRock and Microsoft plan to establish a $30 billion fund; ③Morgan Stanley negotiates with Apple, hoping to take over its credit card business; ④Musk's brain-machine company: "Blindsight" receives breakthrough medical device certification from the FDA.
Retail sales drive US stocks higher! The S&P 500 Index and the Dow Jones Industrial Average hit record highs intraday, and Chinese assets are surging across the board.
China's assets are exploding.
Asian Equities Traded in the US as American Depositary Receipts Slightly Lower in Tuesday Trading
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IQIYI Sparks a New Wave in China's Comedy Scene With 'The King of Stand-up Comedy'
Futu Morning News | Federal Reserve Board Director Waller: The time has come and he is open to a larger rate cut. The US election is heating up! The first debate of the "Hart" becomes the focus.
Goldman Sachs: The leadership of the Federal Reserve believes that a 25 basis point rate cut in September is the baseline scenario; Deutsche Bank: Non-farm 'cliff-like' turn negative is the beginning of an economic recession; Nasdaq fell 5.77% last week, Broadcom had its worst single-day performance in over 4 years.
Express News | iQIYI apologizes: compensating users who have suffered damaged rights with a match ticket.
Express News | IQiyi Sports apologizes: the instantaneous traffic is too large, and the allocation of technical service resources exceeds the limit.
Express News | Iqiyi Sports: The live broadcast of the 18th round of the national football team had a surge in instant traffic, and subsequent operation capabilities will be strengthened.
Express News | iqiyi customer service crashed.
Express News | IQiyi customer service responds to charging for live broadcast of national football matches.
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Bingo Group (08220) has entered into a strategic cooperation framework agreement with Peking iQiyi and Zhoul ing Culture Media.
Bingo Group (08220) announced that on August 31, 2024, iqiyi Peking, the company, and Zhoulingshuo...
US stock market close: all three major indexes fall, Nasdaq falls more than 1%, Nvidia drops after hours.
①Nvidia fell 8% after hours; ②Berkshire Hathaway's market cap exceeded 1 trillion US dollars for the first time; ③OpenAI is reportedly negotiating financing with a valuation of over 100 billion US dollars, and Microsoft continues to follow.
US stocks closed: the market awaits NVIDIA's financial report, and the three major indexes rose slightly. The Dow once again hit a new high.
① The three major indices rose slightly, with the Dow hitting a new high; ② Large technology stocks were mixed, with Nvidia rising more than 1%; ③ China concept stocks experienced varied gains and losses, with Xpeng rising more than 6%.
Goldman Sachs Cuts Rating on IQIYI to 'Neutral' After Weak Q2 Results
IQIYI Price Target Announced at $2.80/Share by Goldman Sachs