BIDU
🌐 Baidu, known as the ‘Google of China,’ is another significant holding for Michael Burry, reflecting confidence in its potential.
🚗 The company is making strides in autonomous vehicles, with its robotaxis completing over 7 million driverless trips.
🎬 Baidu also offers iQIYI, a streaming service similar to Netflix, diversifying its revenue streams.
✅ Like Alibaba and JD.com, Baidu boasts a strong net cash position and trades at low multiples, appealing to value investors.
@Invierteygana:
“Another stock in which he has increased his positions quite a bit is Baidu. Baidu offers internet search services in China and is known as the Chinese Google. Baidu is also present in autonomous vehicles, being one of the most advanced companies in the world. Robotaxis have already made more than 7 million driverless trips. Baidu also has iQIYI, which offers a service similar to Netflix. So, another great Chinese tech company with net cash and trading at very low multiples.”
Watch the exact part of the video where Invierteygana talks about Baidu here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Baidu (BIDU) at the following link. BIDU stock.
