Baidu Shares Fall 13% as AI Drives Half of Its Revenue but Declines From Previous Quarter

Baidu, Inc. fell 12.6% on Tuesday, pressured by disappointing second-quarter results. ADSs changed hands at $91.01 at 15:33 EDT, close to the day’s low. Trading volume totaled 13.7 million, approximately 5.8 times the average daily volume over the last three months.

Alibaba gains about $17B after Apple AI clearance, revenue still to come

Alibaba gains about $17B after Apple AI clearance, revenue still to come

Alibaba Group Holding Limited jumped 6.2% in late-morning New York trade after China approved Apple Intelligence for local use and Alibaba said Qwen would get integrated across Apple’s main operating systems in China. Alibaba’s American depositary receipts climbed $6.95, adding about $16.7 billion in equity value, based on its 2.40 billion shares outstanding. The companies didn’t give any launch date or commercial terms.
Alibaba trades near 52-week low after Kling AI funding update

Alibaba trades near 52-week low after Kling AI funding update

Hong Kong’s stock market doesn’t trade on Sundays and stayed closed last Wednesday for the city’s Special Administrative Region Establishment Day. That gave Alibaba Group Holding Limited four trading sessions for Hong Kong investors last week. HKEX's 2026 calendar still puts the market shut on Saturdays, Sundays and public holidays like July 1.
Uber’s $10 Billion Robotaxi Bet Marks Sharp Shift as Self-Driving Race Heats Up

Uber’s $10 Billion Robotaxi Bet Marks Sharp Shift as Self-Driving Race Heats Up

UPDATE April 15, 2026, 22:35 - Uber has deepened its robotaxi push, committing more than $10 billion to autonomous vehicles and related partnerships, marking a clear shift away from its asset-light model toward owning fleet capacity. The company is working with partners including Lucid, Rivian and Baidu, with plans to deploy robotaxi services in up to 28 cities by 2028, while expanding pilot programs in U.S. markets. Recent deals—such as increasing orders for tens of thousands of vehicles and additional equity investments—underscore a broader industry acceleration as competition with players like Waymo and Tesla intensifies.
Shanghai Stock Exchange reopens Jan. 5: Shanghai Composite near 4,000 as AI-chip buzz builds

Shanghai Stock Exchange reopens Jan. 5: Shanghai Composite near 4,000 as AI-chip buzz builds

Mainland China’s A-shares — yuan-denominated shares traded on the Shanghai Stock Exchange and Shenzhen bourses — will resume trading on Monday, Jan. 5, after the New Year holiday shut onshore markets. Hong Kong set an upbeat tone on Friday as the Hang Seng Index rose 2.76%, with Baidu jumping 9.5% after it said it planned to spin off its AI-chip unit Kunlunxin for a Hong Kong listing, while chipmaker Hua Hong Semiconductor gained 9.4% after it announced a deal to expand foundry capacity. RTHK News
AI stocks today: Baidu jumps on Kunlunxin IPO filing as Nvidia, Broadcom rise in premarket

AI stocks today: Baidu jumps on Kunlunxin IPO filing as Nvidia, Broadcom rise in premarket

Shares of Baidu jumped about 12% in early premarket trading on Friday after the company said its artificial-intelligence chip unit had filed for a Hong Kong listing. Dow futures were up 171 points, or 0.35%, and S&P 500 futures rose 41.5 points, or 0.60%, while Nasdaq 100 futures gained 267 points, or 1.05%; Nvidia and Broadcom were up 1.8% and 1.6% in premarket trade. The new-year bid followed a late-December retreat in tech shares after AI-linked names helped push U.S. benchmarks to record highs in 2025. Reuters
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Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

82/100
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