U.S. stocks dynamic | Baidu rises 2.5% in pre-market, Taiwan Semiconductor's quarterly sales exceed expectations, boosting AI prospects, Bank of America raises its Target Price to $104.

Gelonghui Finance · 17:10 · Ratings

On January 10, Gelonghui reported that Baidu (BIDU.US) rose 2.5% in Pre-Market Trading, reaching $83.37. In news, Taiwan Semiconductor's sales exceeded expectations in the last quarter of last year, boosting AI prospects for 2025. Bank of America Securities recently indicated in a Research Report that with the recovery of the macro economy and the monetization achievements of AI, Baidu is expected to gradually record improvements starting from the second quarter of fiscal year 2025, and it is believed that AI will continue to make a positive contribution to the cloud Business, driving accelerated growth in 2025. The bank also estimates that Baidu's core revenue for fiscal year 2024 will grow by 1% year-on-year, while adjusted operating costs will decrease by 1% year-on-year. As for the revenue forecast for fiscal year 2025, it is expected to grow by 4% year-on-year, with adjusted operating costs decreasing by 5% year-on-year. The bank maintains Baidu's ADR Target Price at $104, and the Target Price for Listed in Hong Kong is set at HK$101, reiterating the "Buy" rating. (Gelonghui)

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美股异动｜百度盘前涨2.5% 台积电季度销售超预期提振AI前景 美银看高其目标价至104美元

U.S. stocks dynamic | Baidu rises 2.5% in pre-market, Taiwan Semiconductor's quarterly sales exceed expectations, boosting AI prospects, Bank of America raises its Target Price to $104.

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美股异动｜百度盘前涨2.5% 台积电季度销售超预期提振AI前景美银看高其目标价至104美元