When i previously covered Baidu here at the beginning of Dec I expected it will be a while till we will see some big progress in the EV sector, well I guess that didn't take long! The initial reason we went into Baidu was self-driving robotaxis and we put it as first place In our portfolio along with MARA, the crypto mining USA based company. But this week we got news about Baidu collaborating with Geely the Chinese EV maker to produce a small number of cars to showcase their technology. soon as the news came out we got a new impulse wave on BIDU and stock shot up to 240 today and the wave is not yet over! we expect to see BIDU passing 300$ by the end of this month and that is simply because Baidu has it ALL! artificial intelligence search engine along with Robo taxis and now EVs and that is not even all they do
FDGT is bullish on Baidu and we expect a small correction this week and after that a continuation of the impulse wave to the 280$ line.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.