Jim Cramer Says "Baidu is Good"

Baidu, Inc. (NASDAQ:BIDU) is one of the stocks Jim Cramer offered insights on. A caller asked about the company during the lightning round, and here’s what Mad Money’s host had to say in response:

“Baidu is good. Baidu and Alibaba are good. Now, they have moved. They have moved a lot. Baidu’s up 56%. But if you’re going to own Chinese stocks, you want to own Alibaba first and Baidu second.”

Baidu, Inc. (NASDAQ:BIDU) provides online marketing, cloud, and AI-based services through platforms such as Baidu App, Haokan, ERNIE Bot, and Baidu Maps. The company’s solutions include search, content, and autonomous driving solutions, and offers an entertainment platform through the iQIYI unit. On November 7, Deutsche Bank upgraded the company’s stock from Hold to Buy and raised the price target to $160 from $90. The firm highlighted Baidu’s leading positions in AI across cloud computing, robotaxis, intelligent search, and AI chips. It noted growth in Baidu AI Cloud and global leadership of Apollo Go, and expects AI to drive Baidu, Inc.’s (NASDAQ:BIDU) next growth phase.

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Disclosure: None. This article is originally published at Insider Monkey.