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0 -8.41042893187983E-05 -8.41042893215472E-07 0.00025147182506306 0.000252312867956275 0.000252312867956275 0.000252312867956275 0.000252312867956275
Stock impact report

These Chinese Tech Stocks Crushed Q3 EPS Expectations [Yahoo! Finance]

Pinduoduo Inc. - American Depositary Shares (PDD) 
Company Research Source: Yahoo! Finance
Before the latest trade tensions between the U.S. and China, which have been partly alleviated, Chinese equities had surged to multi-year highs. While profit-taking and macro pressures have led to a correction, these Chinese tech stocks are making the case for more upside after crushing Q3 earnings expectations. Baidu – BIDU AI-driven businesses, including AI Cloud, ride-hailing robotaxi services, and AI-native marketing, led to Baidu BIDU posting much stronger Q3 results than expected by offsetting weakness in traditional advertising. Over the years, Baidu's innovative business model has continued to mirror the expansion of Alphabet GOOGL . Along with providing exposure to the world's other largest economy, Baidu is intriguing at a cheaper stock price and value than Alphabet, which just hit a new high of over $300 a share on Wednesday and trades at 27X forward earnings. BIDU, on the other hand, trades at around $115 and 16X. Making this observation more inquisitive is that B Show less Read more
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