AI Opportunities Emerge As Baidu Stock Plummets To 52-Week Low
BIDU(BIDU) Benzinga·2024-06-28 23:21
Loading...Loading...Baidu Inc BIDU, the Chinese search engine giant, has seen its stock price plummet to a new 52-week low, reflecting a decline of 38% over the past year and falling 25% year-to-date. As of recent trading sessions, BIDU shares recorded a new low of $87.01 during day trading on Thursday, underscoring investor concerns and technical bearish signals.Financial Hurdles & Domestic CompetitionFinancially, Baidu reported a 7% decline in first-quarter revenue, attributing the drop to China’s slowing ...