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Published Date: 11/07/2024
While Nvidia is expected to continue its upward trend, two other AI stocks, Nio and Baidu, are predicted to more than double in value over the next 12 months, leaving Nvidia in the dust.
While Nvidia is expected to continue its upward trend, two other AI stocks, Nio and Baidu, are predicted to more than double in value over the next 12 months, leaving Nvidia in the dust.
The artificial intelligence (AI) revolution is transforming industries and economies worldwide. While Nvidia is widely regarded as the market leader in AI, its path forward may be bumpier than expected. Meanwhile, two other AI stocks, Nio and Baidu, are poised to outshine Nvidia over the next 12 months. \n\nNio, a China-based electric-vehicle (EV) maker, has seen rapid growth in production and deliveries, with an average of 5,000 orders per week. The company's new NT 2.0 platform incorporates advanced driver assistance system upgrades, including autonomous driving capabilities, which is a key aspect of its AI ties. With a strong balance sheet and a new vehicle brand, Onvo, set to launch in 2024, Nio is expected to reach $10 per share, representing an increase of 116% from its current price. \n\nBaidu, another China-based company, is best-known for its market-leading internet search engine, which accounts for about 53% of internet search in China. The company's AI Cloud is the fourth-largest cloud infrastructure service platform in China, and its autonomous ride-hailing service, Apollo Go, has surpassed 6 million cumulative rides. With a strong balance sheet and a forward price-to-earnings ratio of just 7.5, Baidu is expected to reach $180 per share, a 102% gain from its current price. \n\nWhile Nvidia is expected to continue its upward trend, the growth potential of Nio and Baidu makes them attractive options for investors looking to capitalize on the AI revolution.
FAQs:
FAQs:
"Q: What is the expected growth rate of Nio's stock?
A: 116% over the next 12 months
Q: What is the expected growth rate of Baidu's stock?
A: 102% over the next 12 months
Q: What is the primary catalyst for Nio's growth?
A: Rapid growth in production and deliveries, as well as the launch of its new vehicle brand, Onvo
Q: What is the primary catalyst for Baidu's growth?
A: Its market-leading internet search engine and growing AI Cloud business
Q: What is the current forward price-to-earnings ratio of Baidu?
A: 7.5"
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