J.P. Morgan expressed a strong preference for Baidu, highlighting confidence in the company's competitive position within the high-stakes Chinese AI sector.
- The stock closed Friday at $145.93, posting a gain of +5.02%.
- J.P. Morgan also expressed preference for BABA-W and KUAISHOU-W.
- The recent gains are being maintained following the previous week's announcement of a $5 billion share buyback program and the company's first-ever dividend policy.