Baidu Stock: Upgrading To Buy (NASDAQ:BIDU)

Kevin Frayer It’s not been easy being an investor with exposure to Chinese Internet companies. Ever since the fallout from the global pandemic, seemingly undervalued Chinese tech stocks have delivered disappointing investment returns. My stake in Alibaba Group Holding Limited (BABA), as I have claimed publicly, is deep in the red but I am continuing to add to my position at these prices. Although I never invested in Baidu, Inc. (NASDAQ:BIDU), I found the company attractively valued back in 2021 when BIDU stock was still in a free fall. Last June, I rated Baidu stock a hold despite appreciating the…