Deutsche Bank upgraded Baidu (BIDU) from a "Hold" to a "Buy" rating and dramatically increased the price target to $160 from $90. The bank's positive outlook is driven by Baidu's strong position in several key artificial intelligence sectors, including AI-powered cloud computing, its Apollo Go robotaxi service, intelligent search, and AI chip development. The bank highlighted the rapid growth of Baidu's AI Cloud division and recognized its Apollo Go as a global leader in the autonomous taxi market. Deutsche Bank anticipates that these advancements in artificial intelligence will be the primary drivers for the next phase of Baidu's business growth.