Unusually active option classes on open July 9th » 09:4007/0907/09/20
HAS, UPWK, WBA, JMIA, SPCE, BIDU, MTCH, COST, AGNC, SLV
Unusual total active…
Unusual total active option classes on open include: Hasbro (HAS), Upwork (UPWK), Walgreen Boots (WBA), Jumia Technologies (JMIA), Virgin Galactic (SPCE), Baidu (BIDU), Match Group (MTCH), Costco (COST), AGNC Investment Corp. (AGNC), and iShares Silver Trust (SLV).
Baidu call volume above normal and directionally bullish » 11:2507/0607/06/20
Bullish option flow…
Bullish option flow detected in Baidu with 24,991 calls trading, 4x expected, and implied vol increasing almost 3 points to 38.80%. Aug-20 150 calls and 7/10 weekly 140 calls are the most active options, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 0.19. Earnings are expected on August 17th.
|Over a week ago|
Baidu unveils 'new infrastructure' plan for the smart economy » 13:3407/0207/02/20
Baidu announced that it…
Baidu announced that it will increase its investments in cloud computing, AI education, AI platforms, chipsets, and data centers in the coming ten years as part of its efforts to construct "new infrastructure" for the smart economy of the future. "Under the plan, Baidu aims to have 5 million intelligent cloud servers by 2030 and train 5 million AI professionals within 5 years, which will help facilitate the widespread application of AI in transportation, city management, finance, energy, health care, and manufacturing to eventually achieve industrial intelligence. "New infrastructure--which encompasses emerging technologies like AI, cloud computing, 5G, IoT, and blockchain--will be the driver for China's economic development in the coming decades," said Baidu Chief Technology Officer Haifeng Wang, underscoring the importance of the plan," said Baidu in a statement out earlier on Thursday.
iQIYI price target raised to $23 from $20 at Loop Capital » 09:1107/0207/02/20
IQ, TCEHY, BIDU
Loop Capital analyst Rob…
Loop Capital analyst Rob Sanderson raised the firm's price target on iQIYI (IQ) to $23 from $20 but keeps a Hold rating on the shares. The analyst anticipates Q2 results to come in toward the low-end of guidance due to higher subscriber churn and softer advertising sales, but the stock can benefit amid speculation that Tencent (TCEHY) is looking to take over the majority of its ownership from Baidu (BIDU). The combination would give Tencent control of over 70% of the Internet video subscriptions in China while allowing Baidu to make strides in capital structure reform.
Velodyne in talks to merge with Graf, Detroit News reports » 16:3806/2606/26/20
BIDU, F, GRAF
Blank-check company Graf…
Blank-check company Graf Industrial (GRAF) is in talks to merge with Velodyne Lidar, whose backers include Ford (F) and Bidu (BIDU), which would take public the maker of sensors used in self-driving vehicles, according to The Detroit News, citing people familiar with the matter. Reference Link
Only China member of PAI, Baidu, left amid strained U.S ties, Wired says » 06:1406/1906/19/20
Baidu, Chinese search…
Baidu, Chinese search giant, has left the partnership on AI or PAI, "a US-led effort to foster collaboration on the ethical challenges raised by artificial intelligence," says Wired. "Baidu is said to have cited the cost of membership and recent financial pressures for the move. But as relations between the US and China worsen, the departure comes amid growing challenges for companies and people in the two countries to collaborate, or find common ground, when it comes to critical technologies like AI," noted the Wired story. Reference Link
Tencent wants to become biggest iQIYI shareholder, Reuters reports » 06:1006/1606/16/20
TCEHY, IQ, BIDU
Tencent (TCEHY) is…
Tencent (TCEHY) is looking to become the biggest shareholder in video streaming rival iQIYI (IQ) in order to lower costs and counter competition, Reuters' Zhang Yan and Julie Zhu report, citing two people familiar with the matter. According to one of the people, Tencent has approached Baidu (BIDU), which has a 56.2% stake in iQIYI, to buy a stake of an undetermined size. Reference Link
Nokia awarded 2 contracts with Tencent, Baidu » 05:3506/1606/16/20
NOK, TCEHY, BIDU
Nokia (NOK) announced…
Nokia (NOK) announced that it has been awarded two contracts with China-based webscale companies, Tencent (TCEHY) and Baidu (BIDU), for data center interconnect, or DCI, network solutions. Nokia said in a release, "Tencent and Baidu will strengthen their already strong relationship with Nokia to build out their software-defined DCI infrastructure, providing them with the dynamic, massive-scale optical bandwidth needed to support growing cloud operations in China and the U.S. Tencent and Baidu are two of the top four China-based webscale operators. Baidu is the number one search engine and Tencent leads in social media and online gaming. They have large cloud operations in China and abroad to support their global businesses. Connecting their very large data centers around the world requires ultra-high optical bandwidth and software-defined networking that are highly responsive to the fast-shifting nature of cloud services."
Baidu participates in a conference call with Benchmark » 07:5506/1506/15/20
China Internet Analyst…
China Internet Analyst Jiang holds a conference call with Director of IR, Juan Lin on June 15 at 8 am hosted by Benchmark.
Baidu valuation 'compelling' on overstated concerns, says Mizuho » 06:5606/1506/15/20
Mizuho analyst James Lee…
Mizuho analyst James Lee maintains Baidu as his top pick in China internet post a conference call with management. The analyst expects continued improvement in Baidu's core business due to relaxed travel restrictions across major cities in China, driving demand from offline businesses utilizing search as an important lead-generation channel. Further, Lee expects Baidu's core revenue to resume positive growth starting Q3 and likely reach double-digit year-over-year growth in fiscal 2021. Structural concerns appear overstated and the stock's valuation is "compelling" at current levels, Lee tells investors in a research note. He keeps a Buy rating on Baidu with a $175 price target.