News Snapshot:
Yongyuan Dai China’s Baidu (NASDAQ:BIDU) presented better than expected earnings for the third-quarter, in part due to progress the company is making in the artificial intelligence segment. Considering that the firm benefits from growing AI adoption, generates a ton of free cash flow (now also including its iQIYI-branded streaming platform), and that shares trade at a near-10% earnings yield (3 reasons), I believe the risk profile remains favorable for long term investors! Previous rating My rating on Baidu in September was strong buy because the company benefited from a continual recovery in the online advertising business and because shares were...
