Could Baidu Be a Millionaire Maker Stock?
Baidu (NASDAQ: BIDU), the Chinese tech giant that owns the country's top search engine, went public 15 years ago. Investors in its IPO are sitting on a near-40 bagger return, but the stock has been cut in half over the past two years.
Baidu remains a battleground stock for the bulls and bears. The bulls believe Baidu's dominance of China's search market, the growth of its streaming video unit iQiyi (NASDAQ: IQ), and the expansion of its ecosystem will support its long-term growth.
The bears believe intense competition from rivals like Tencent (OTC: TCEHY), ByteDance, and Alibaba (NYSE: BABA) in the advertising market, the slowdown in the Chinese economy, the trade war, and other macro headwinds will curb Baidu's growth. So can Baidu prove the bears wrong and generate more millionaire-making returns?
Source Fool.com
