Baidu on track to dominate autonomous driving industry

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Baidu Intrinsic Value – Baidu($NASDAQ:BIDU) is quickly making advances in the autonomous driving industry and is expected to see tremendous growth in this market over the next decade. This will open up a massive long-term pathway for growth for Baidu. Apollo Go’s operations have yet to have a meaningful impact on Baidu’s top and bottom lines, but as operations scale and expand, contributions from the unit are expected to grow tremendously. With the arrival of fared robotaxi rides in Wuhan and Chongqing earlier this month, Apollo Go is on a pathway to begin scaling revenues at a higher degree. As more cities move towards driverless ride commercialization, revenue and geographic expansion further support the case that Apollo’s long term revenue potential will serve as a major catalyst for Baidu’s stock. Baidu’s Q2 report on Monday will possibly give more insight into how Apollo Go continues to scale, with rides likely closing in on the 750,000 mark for the last twelve months. This positive news for Baidu is expected to have a long-term positive effect on BAIDU’s market and earnings.

Stock Price

On Monday, BAIDU stock opened at $148.3 and closed at $147.3, indicating that investors are confident in the company’s prospects. Baidu has been working on autonomous driving technology for several years, and its efforts are starting to pay off. Baidu’s autonomous driving system is one of the most advanced in the world, and it is constantly improving. The market for autonomous vehicles is expected to grow rapidly in the coming years, and Baidu is well positioned to take advantage of this growth. The company’s strong technology, partnerships, and financial position make it the clear leader in the autonomous driving industry.

VI Analysis – Baidu Intrinsic Value

Baidu, Inc is a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence. It is one of the largest Internet companies in the world. The company’s VI app simplifies the analysis of a company’s fundamentals, which reflects its long-term potential. The intrinsic value of a Baidu share is around $164.8, as calculated by VI Line. The stock is currently traded at $147.3, which is a fair price that is undervalued by 11%.

Summary

The company has been making significant investments in the technology, and it has partnerships with some of the biggest names in the business. This gives it a strong position in the market, and it is likely that Baidu will be a major player in the autonomous driving industry for years to come.