Baidu Gets a Boost on Suggestions Its Robotaxi Business Is Taking Off
BIDUBIDU(BIDU) Investopedia·2024-07-11 00:31

Key Takeaways Baidu shares got a boost Wednesday from reports of optimism about the Chinese tech firm's robotaxi. Dow Jones Newswires and Bloomberg pointed to a note by an analyst who said Baidu's Apollo Go robotaxi business will likely break even in Wuhan this year. Excitement is also building over Tesla's upcoming release of its robotaxi. American Depositary Receipts (ADRs) of Baidu (BIDU) advanced in intraday trading Wedesday on reports the Chinese internet search engine’s Apollo Go robotaxi business is ...