Moody’s cuts Baidu outlook to negative as AI capital costs weigh on margins
Source: Investing.com ·
Investing.com -- Moody's Ratings has affirmed Baidu Inc (NASDAQ:BIDU) A3 issuer and senior unsecured ratings, but revised its rating outlook to negative from stable as heavy artificial intelligence capital expenditures weigh on cash flow and leverage. The outlook adjustment reflects the Chinese tech giant's subdued top-line expansion, narrowing profit margins, and execution risks tied to…