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    Home » Morgan Stanley cuts Baidu to underweight as AI spending weighs on earnings (BIDU:NASDAQ) | Invesloan.com
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    Morgan Stanley cuts Baidu to underweight as AI spending weighs on earnings (BIDU:NASDAQ) | Invesloan.com

    August 19, 2026
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    Yongyuan Dai

    Morgan Stanley downgraded Baidu (BIDU) to Underweight from Equal-weight, citing weak advertising revenue and rising investment in artificial intelligence.

    The brokerage cut its price target to $80 from $130, implying about a 12% downside from the stock’s last close. They expect core operating profit to

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