Better AI Stock: Nvidia vs. Baidu
Nvidia (NASDAQ: NVDA) and Baidu (NASDAQ: BIDU) represent two different ways to invest in the growing artificial intelligence (AI) market. Nvidia is the world's largest producer of high-end data center graphics processing units (GPUs) for undertaking AI tasks. Baidu, which owns China's largest search engine, has also established a foothold in the market with its cloud-based AI services, ERNIE chatbot, and Apollo platform for driverless vehicles.
But over the past 12 months, Nvidia's stock more than tripled as Baidu's stock rallied less than 30%. Let's see why the chipmaker outperformed the Chinese tech giant by such a wide margin -- and whether it's still the better buy.
Image source: Getty Images.
Source Fool.com
Baidu Inc. A ADR Stock
€82.10
-1.790%
The stock is an absolute favorite of our community with 36 Buy predictions and no Sell predictions.
As a result the target price of 160 € shows a very positive potential of 94.88% compared to the current price of 82.1 € for Baidu Inc. A ADR.
