BIDU Stock Recent News

The Chinese search-engine giant snapped a three-quarter run of falling revenue, posting a rise for the first three months of the year as it develops new growth drivers in AI.

The Chinese tech company beat analysts' targets for first-quarter net income and revenue.

Search engine giant Baidu , on Wednesday reported its quarterly revenue rose by 3%, indicating some recovery in the Chinese advertising market.

BEIJING , May 21, 2025 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with a strong Internet foundation, today announced its unaudited financial results for the first quarter ended March 31, 2025. "Baidu Core revenue grew 7% year over year in the first quarter, driven by the accelerating momentum of AI Cloud, which surged 42% year over year.

Baidu, Inc. BIDU is scheduled to report first-quarter 2025 results on May 21, before the opening bell. In the last reported quarter, Baidu reported non-GAAP earnings per share (EPS) of $2.63, which significantly beat the Zacks Consensus Estimate of $1.78.

Michael Burry is a hedge fund manager renowned for founding Scion Capital and predicting the 2008 subprime mortgage crisis. His foresight, detailed in Michael Lewis’s The Big Short, which was made into an Oscar-winning film, earned him $100 million personally and $700 million for investors by shorting mortgage-backed securities. Burry’s contrarian approach, rooted in meticulous research and value investing inspired by Benjamin Graham, also sparked the GameStop (NYSE:GME) meme stock frenzy in 2021 through early investments. Known for spotting market bubbles, he has warned of risks in passive investing and inflation. His renamed Scion Asset Management hedge fund just filed its latest quarterly report, and Burry made headlines again because he sold 12 of the 13 stocks in his $77.4 million portfolio, including stakes in Alibaba (NYSE:BABA) and Molina Healthcare (NYSE:MOH). More to the point, Burry is once again aggressively shorting the market. 24/7 Wall St. Insights: Michael Burry run

Baidu Inc. (BIDU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Michael Burry's Scion Asset Management made some major changes to its portfolio during the first quarter, according to a filing with the SEC released on Thursday.

In the latest trading session, Baidu Inc. (BIDU) closed at $92.50, marking a +1.55% move from the previous day.

Chinese tech company Baidu's Apollo Go robotaxi business plans to expand to Europe this year, according to a source familiar with the matter. The company's Apollo Go robotaxi unit operates fully driverless taxis for the public, including in a suburb of Beijing and in other cities in China.