BIDU is trading 3.2% down at $143.81 as the AI sector faces pressure following reports that Nvidia's $100 billion investment plan in OpenAI had stalled.
- The decline aligns with a broader market selloff, seeing the Nasdaq Composite fall 1.29% and S&P 500 drop 0.73% as investors reassessed the sustainability of the technology rally.
- Investor sentiment was dampened across risk assets following the interpretation of Kevin Warsh's nomination as Federal Reserve Chair as a hawkish signal.
- No company-specific news was identified; the stock appears to be moving primarily with broader market and sector trends.