Four major banks maintain a "Buy" rating on Baidu (09888.HK), expecting AI cloud infrastructure revenue to grow 90%-99% in the third quarter.

Zhitong Finance APP has learned that recently, institutions including Citi, Daiwa, UBS, and Nomura have successively released their previews of Baidu's (BIDU.US, 09888) third-quarter results, all maintaining a "Buy" rating. The institutions expect Baidu's third-quarter AI cloud infrastructure revenue to grow 90% to 99% year-on-year, significantly accelerating from the 50% growth rate in the second quarter.