Deutsche Bank expects artificial intelligence to lift shares of Baidu higher. The bank upgraded the Chinese internet provider to a buy rating from hold. Analyst Leo Chiang also hiked his target price to $156 from $88, signaling upside of 23%. Chiang pointed to artificial intelligence driving the next phase of growth at Baidu. "Baidu has established a set of leading AI businesses spanning cloud computing, robotaxis, intelligent search, and AI chips," he wrote. "All in all, we believe these rising AI businesses will drive the next phase of growth for the company." BIDU YTD mountain BIDU YTD chart He sees four main AI drivers boosting shares of Baidu higher, including Baidu's AI Cloud, which offers enterprise customers full-stack AI infrastructure at a highly efficient cost. He also applauded

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