On October 14, 2025, Baidu (BIDU) shares are down 4.72% to $119.79 in live trading, continuing a volatile week that saw a 3.31% gain on October 13, 2025, followed by an 8.09% drop on October 10, 2025. There is no major company-specific news or announcement driving today’s decline; the most recent substantive update is a Morgan Stanley research note forecasting a 7.3% year-over-year drop in Baidu’s Q3 core revenue and a 66.7% slump in operating profit, with management focused on AI growth and balance sheet optimization[1]. Citigroup maintained a 'Buy' rating and raised its price target as of October 13, 2025, but this did not prevent the stock from falling sharply today[4]. The broader market context shows the NASDAQ Composite down 1.14% and the S&P 500 down 0.51%, indicating that Baidu’s drop is likely amplified by sector-wide tech weakness and investor caution following Friday’s market selloff. Without a fresh, high-impact catalyst, Baidu appears to be moving with the negative sentiment in the tech sector rather than on its own news.