iQIYI Inc ADR

IQ: XNAS (USA)
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Iqiyi Earnings: Racing Into the Wrong End of the AI Curve; Valuation Cut 50% to $0.50

Iqiyi's first quarter was weak. Revenue fell 13% year over year, and the firm swung to an operating loss from a profit a year earlier. At the same time, management is doubling down on its artificial intelligence strategy, highlighted by the launch of its AI video and film production tool, Nadou Pro.

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