Baidu (BIDU) has been in a phase of business transition and the stock performance has been relatively muted with returns of 25.1% in the last 52-weeks. In comparison, the S&P Kensho Global Artificial Intelligence Enablers Index has returned 48.74% during the same period.
However, it’s unlikely that this underperformance will continue. Baidu seems to be nearing the point of AI inflection. With the possibility of significant acceleration growth, the outlook is optimistic.