Baidu Inc (BIDU) dropped -4.77% amid widespread tech sector profit-taking and global AI pressure following Anthropic's release of a new AI tool, dubbed 'SaaSpocalypse,' which erased billions in software firm value.
- The stock recovered in after-hours trading, rising +2.73% to $141.71.
- The company is scheduled to report Q4 earnings on February 26, 2026, with analysts projecting an EPS decline of -41.83% year-over-year to $1.53.
- The decline occurred as the Nasdaq Composite fell over 2%, driven by bearish tech sentiment stemming from hawkish Fed expectations and weak ADP jobs data.