On October 28, 2025, CMB International Securities reiterated its Buy rating on Baidu, citing growth potential in cloud services and AI technologies, as well as emerging ad formats and strong cash reserves[1]. The analyst expects advertising revenue to remain pressured but sees new digital initiatives offsetting declines. Baidu stock is trading at $127.19, down 1.14% from the previous close, underperforming broader tech sector gains and the overall market, which is up moderately. No major company-specific news or events were reported today to explain the decline, suggesting the move is likely driven by routine trading or sector rotation. Confidence is medium, as the rating update is from a reputable source but lacks confirmation from multiple tier-1 outlets.