BIDU is trading at $148.55 (-3.02%) as it underperforms the broader market amid rotation away from high-growth tech and AI investment uncertainty.
- No major company-specific news has been released to explain the modest decline.
- The stock is aligning with broader market sentiment, unlike peers like Microsoft and Tesla, which were hit directly by AI spending concerns.
- Promotional cash incentives offered by Chinese tech giants, including Baidu, to boost upcoming AI models have not stemmed the decline.