[Baidu Group opening up more than 3% to release Q1 results on May 16] FYF, as of press time, Baidu Group-SW (09888.HK) rose 3.06%. The company will announce its first-quarter results on May 16, Citic Securities said in a recent research report that Baidu's core businesses such as advertising and cloud are expected to recover steadily in the first quarter of this year, while revenue from midline advertising is expected to record positive growth. Smart cloud business is expected to maintain a high single-digit increase, driving first-quarter revenue growth of 3% to 29.3 billion yuan on a year-on-year basis. The brokerage expects the AI business to gradually contribute revenue from the end of this year to early next year, continuing to maintain a "buy" rating with a target price of HK $153.