自2024年8月我們上一次對百度（NASDAQ：BIDU）的報導以來

今年，BIDU股票在2月和3月中旬徘徊了兩次，每股價格水平約為100美元。

Since our last coverage of Baidu (NASDAQ:BIDU) in August 2024, the stock price level is now slightly higher, at $89.53 from $86.96 per share.

自2024年8月我們對百度（NASDAQ：BIDU）的最後一次報導以來，股票價格水平現在略高，為89.53美元，價格從每股86.96美元起。

However, within that period, there have been multiple opportunities to lock in high profits.

但是，在此期間，有很多機會可以鎖定高利潤。

Just over a month later in early October, BIDU shares reached a $115 yearly top. This year, BIDU stock hovered two times, in February and mid-March, around $100 per share price level.

僅一個多月後的10月初，Bidu股票每年達到115美元。今年，BIDU股票在2月和3月中旬徘徊了兩次，每股價格水平約為100美元。

As a repeat performer, the “Google of China” is clearly worth considering for Big Tech exposure from the East, one that is still much cheaper than the likes of Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG).

作為一名重複的表演者，“中國的Google”顯然值得考慮從東方的大型技術曝光，這仍然比微軟（NASDAQ：MSFT）和Alphabet（Nasdaq：Goog）等人便宜得多。

The latest Baidu earnings for Q1 2025 delivered on Wednesday showcase continued growth, as the company beat revenue estimates.

隨著公司擊敗收入估計，第1季度2025年第1季度的百度收入持續增長。

Although there is more than earnings to consider when it comes to Baidu, let’s first see the quarterly financial performance.

儘管在百度方面，還有不僅僅是收入要考慮，但首先讓我們看看季度的財務績效。

AI Cloud Boost Headed by ERNIE

AI Cloud Boost由Ernie領導

At reported 32.45 RMB ($4.47B), Baidu beat FactSet’s expected revenue of 32.45 billion yuan. Year-over-year, this is 3% revenue improvement. The company’s net income to Baidu Core grew by 48% in that period to $1 billion.

據報導，百度報導了32.45元人民幣（$ 4.47b），擊敗了Factset的預期收入為324.5億元人民幣。同比，這是3％的收入提高。在此期間，該公司對百度核心的淨收入增長了48％，達到了10億美元。

However, when excluding non-recurring items, as a non-GAAP measure, Baidu’s net income is $872 million, down 4% year-over-year.

但是，當不包括非重新調查的物品作為非GAAP措施時，百度的淨收入為8.72億美元，同比下降4％。

Similar to Alphabet, Baidu Core consists of AI Cloud, Mobile Ecosystem and Intelligent Driving & Other Growth Initiatives (iQIYI). Ad revenue is still the company’s largest revenue source, down 6% to 16 billion yuan ($2.21B) year-over-year.

與字母類似，百度核心由AI雲，移動生態系統以及智能駕駛和其他增長計劃（IQIYI）組成。廣告收入仍然是該公司最大的收入來源，同比下降6％至160億元人民幣（2.21b）。

Baidu’s AI Cloud showed the largest growth, at 42% yoy. Like Google and Amazon, Baidu offers full-stack service for enterprises. Covering both front-end and back-end aspects of AI deployment, otherwise known as full-stack, Baidu designs its own Kunlun AI chips, as well as having the PaddlePaddle deep learning framework.

百度的AI雲顯示出最大的增長，同比增長42％。像Google和Amazon一樣，百度為企業提供全棧服務。 Baidu涵蓋了人工智能部署的前端和後端方面，也稱為全棧，設計了自己的Kunlun AI芯片，並擁有PaddlePaddle深入學習框架。

On top of those full-stack layers, Baidu offers ERNIE foundation large language models (LLMs). The latest iteration, ERNIE X1 Turbo, matches the performance of Chinese rival DeepSeek R1, as well as OpenAI’s o1.

除了這些全棧層之外，百度還提供Ernie Foundation大型語言模型（LLMS）。最新的迭代Ernie X1 Turbo與中國競爭對手Deepseek R1的性能以及Openai的O1相匹配。

According to various news reports, ERNIE 4.5 Turbo is 2x faster than its predecessor with just 20% of the cost. In turn, this model is just 0.2% – 1% of ChatGPT 4.5’s cost, having cut prices by 80% for the Turbo model in April. Suffice to say, this creates an enormous cost-efficiency advantage for China’s businesses.

根據各種新聞報導，Ernie 4.5 Turbo的速度比其前身快2倍，而費用的20％。反過來，該型號僅為Chatgpt 4.5成本的0.2％ - 1％，4月的Turbo車型的價格降低了80％。可以說，這為中國的業務創造了巨大的成本效益優勢。

As a multi-modal LLM, ERNIE is suited for a wide range of uses: image and audio analysis, document summary, image generation, textual and mathematical reasoning. Following China’s price-slashing strategy in other endeavors, from EVs to Temu’s cheap product deliveries, it is clear that Baidu aims to become the go-to place for AI app deployment.Join Our Telegram Group

作為多模式LLM，Ernie適合各種用途：圖像和音頻分析，文檔摘要，圖像生成，文本和數學推理。遵循中國在其他努力中的價格淘汰策略，從電動汽車到Temu的廉價產品交付，很明顯，百度的目標是成為AI應用程序部署的首選地點。加入我們的電報小組