Baidu ADR rises after hours as Citi initiates a 30-day bullish catalyst watch
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Analyst Alicia Yap wrote that Baidu's "inherent strength in the chip and cloud business could become a catalyst for rising stock prices." "Although it is difficult to determine when overall market sentiment will shift, we believe that once the timetable for Baidu's chip business spin-off and market interest become clearer, there will still be opportunities to unlock value."
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