BIDU is trading 4.1% down at $125.76 in pre-market, extending a multi-day slide driven by earnings disappointment and caution over AI monetization.
- The stock has retreated from its May 13 high of $150.50, despite a recent Goldman Sachs report highlighting strong prospects for Baidu’s GPU cloud and AI initiatives.
- Selling pressure is being fueled by profit-taking and broader market skepticism regarding the ability of Chinese tech firms to generate immediate returns from heavy AI investments.
- While analysts maintain robust buy ratings, the stock has failed to sustain its mid-May momentum following recent financial results.