Baidu is trading 4.1% down at $112.70 as investors pull back from high-growth tech and AI names during a risk-off session.

  • U.S. lawmakers have questioned Google and OpenAI regarding AI model access for Chinese firms, adding a significant regulatory overhang to Baidu's AI exposure.
  • Broader Nasdaq weakness is further pressuring sentiment as investors rotate out of high-valuation technology stocks.