Baidu quarterly financial report or conveying negative signal Citi, etc.

Investors expect the proud rise of Baidu's stock price may face realistic tests. In addition to the Chinese economy, the market is also worried that a key business of Baidu will retreat.

According to Bloomberg News, several brokers such as Citi, CICC, Yamato Capital Market Hong Kong have lowered their profit expectations for Baidu in recent weeks. Analysts expect the company to perform performance on Tuesday (August 22) on Tuesday (August 22).The growth of net profit after adjustment has slowed down.

Because it is the first to develop the first local ChatGPT service product in China, Baidu has always been regarded as one of the most promising technology companies in China.As of last Friday, the company's stock price had risen by about 13 % this year, and the Hang Seng Technology Index fell 3 % in the same period.

However, the disappointment of investors' disappointment of ERNIE BOT and downturn consumption may become a stumbling block for stock prices.If the demand continues to be weak or Wenxin has no major upgrade, Baidu's stock price trend is not optimistic.Option traders have begun to deploy positions for this.

"The expectations of Baidu's second fiscal quarter and subsequent performance have been reduced," Morning Star analyst Kai Wang believes that the advertising industry needs weak demand.He added that Baidu is facing macro resistance. As AI products increase, operating profit margins may decline.

One of the issues that analysts are concerned about is the growth of Baidu AI cloud income. Due to the delay of China's intelligent transportation project, it is expected that the revenue in the third quarter will slow down.The economic downturn forces the budget of the local government to be tighter than normal, which will cause the project to delay.The target price of Baidu's Baidu was adjusted, and the attitude of the stock was more cautious last month.

Alicia yap et al. In a report, due to the relatively high base of last year, and Citi economist recently lowered GDP forecast, the bank's conservatively lowered Baidu's third quarter of the third quarter of AI andAdvertising revenue forecast.

Union Bancaire Privee Director Vey-SERN LING said that Baidu has been regarded as a leader in the field of generation AI for many years, but the development of the generation AI application is still in the early stage, and investors should not should notExcluding Alibaba and Tencent's possibility of launching products in this field.