BIDU is trading at $128.77 (-6.09%) in after-hours sessions, tracking broader market declines despite a lack of company-specific news or earnings reports.
- The sell-off follows a downturn in the S&P 500 and NASDAQ, driven by investor concerns over U.S. tariff hikes, geopolitical tensions in Iran, and spiking oil prices.
- The move comes just one day after analysts issued a positive fair value upgrade to $176.93, citing long-term growth potential in the company's AI and cloud divisions.