On May 27, Baidu rose 5.05% overnight, trading at 133.46 USD/share, with trading volume of $4.2892 million.

On the news front, multiple investment banks recently raised their target prices for Baidu. Nomura Securities lifted its target from $186 to $190 while maintaining a Buy rating, and Haitong International raised its target from $188 to $201 with an Outperform rating. The upgrades were driven by Baidu's Q1 earnings beating expectations, with total revenue reaching 32.1 billion RMB. Most notably, AI-driven revenue surged 49% year-over-year to 13.6 billion RMB, accounting for 52% of Baidu's core revenue — the first time AI business has exceeded half of total core revenue.

Within the AI revenue breakdown, cloud infrastructure revenue hit 8.8 billion RMB with 79% YoY growth, while GPU cloud revenue soared 184%. However, the rapid AI expansion came at a cost, with net profit declining 55% YoY to 3.445 billion RMB as sales costs rose 12% due to cloud-related investments.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)