BIDU is trading at 3.2% up now at $120.80 after announcing a major AI partnership with China Merchants Group and unveiling a $56.2 million offshore bond issue to fund AI infrastructure, cloud computing, and chip development. The deal focuses on deploying large language models and AI agents for industrial sectors, signaling Baidu's aggressive pivot toward enterprise AI. Analysts have upgraded the stock, citing improved AI growth prospects and reduced reliance on U.S. chipmakers. This news has driven strong investor confidence and is the primary catalyst for today's significant price move.