The quarter marked an "important inflection point" for the company, analyst Fawne Jiang said. Baidu General Business’s AI-driven business contributed more than 50% of total revenue for the first time. The IQIYI Analyst: Jiang reiterated a Buy rating and price target of $215.The IQIYI Thesis: The quarter highlighted that AI is "increasingly becoming the company's core growth engine," Jiang said in the note.Check out other analyst stock ratings.Baidu Q1 ResultsBaidu reported strong quarterly results, with revenues from Baidu General Business growing 2% year-on-year, returning to positive growth after several quarters of decline, the analyst stated. Core AI-powered revenue exceeded 50% of total revenue for the first time, growing 49% year-on-year to RMB 13.6 billion, he added.AI Cloud Infrastructure remained the key driver, growing 79% year-on-year, while GPU Cloud revenue surged 184%."Looking ahead, we believe Baidu's AI and cloud momentum remains sustainable, supported by continued enterprise adoption and expanding monetization across infrastructure and applications," Jiang wrote in the note.Baidu OutlookManagement expects AI Cloud Infrastructure growth to remain above industry levels, driven by: