We recently published a list of 10 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Baidu, Inc. (NASDAQ:BIDU) stands against other best AI stocks on latest news. and ratings.Barclays Reaffirms Equal Weight on Baidu (BIDU), Trims Target to $84

A modern internet space with a person using Baidu services on a laptop.

Baidu, Inc. (NASDAQ:BIDU) is a Chinese internet giant and AI pioneer, known for its noteworthy investments in artificial intelligence technology and its position as the dominant search engine within the country. On May 22, Barclays analyst Jiong Shao lowered the firm’s price target on the stock to $84 from $90 and kept an “Equal Weight” rating on the shares. The analyst told investors in a research note how Baidu’s Q1 advertising revenue declined 6% year-over-year. Moreover, its strength in Cloud is being outshone by the growing cannibalization of advertising by artificial intelligence.

Overall, BIDU ranks 7th on our list of best AI stocks on latest news and ratings. While we acknowledge the potential of BIDU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BIDU and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 AI Stocks Making Waves on Wall Street Today and 15 AI Stocks Surging on News and Analyst Ratings.

Disclosure: None. This article is originally published at Insider Monkey.

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