BIDU is trading at $147.60 (+4.64%) as the stock extends gains following the launch of its Wenxin 5.1 AI model.
- The May 9 release of Wenxin 5.1 significantly improved cost efficiency, reportedly slashing pre-training expenses to 6% and driving the price up from a May 8 close of $141.05.
- Broader AI and semiconductor sector strength, fueled by Intel-Apple deal momentum, provides additional support for the stock despite a mixed market open.