BIDU is trading at 4.5% down now at $124.19 after a strong prior rally and amid mixed sentiment on Chinese tech. The current pullback appears to reflect profit-taking following a significant >40% run-up, coupled with cautious positioning ahead of upcoming Fed decisions.
- Baidu is exploring a potential spinoff for its AI chip unit, Kunlunxin.
- ARK Invest recently increased its stake in BIDU.