Baidu shares declined to $143.99 (-2.49%) as investors weighed a projected 50% profit slump against new international partnerships. Sentiment was further dampened by a sector-wide rotation out of AI stocks following negative U.S. employment data revisions.
- Baidu partnered with Uber to launch Apollo Go robotaxis in Dubai and reported a 4x surge in Ernie Assistant users.
- Analysts forecast a 50% decline in quarterly adjusted net profit, creating significant selling pressure despite recent operational milestones.
- The stock was impacted by broader market volatility following significant downward revisions to 2025 U.S. employment data.