Why Is Baidu Stock Rising Premarket?
Baidu, Inc.'s U.S.-listed shares were up 5% in premarket trading on Friday, mirroring gains in its Hong Kong shares on optimism around artificial development at the Chinese giant.
Baidu's HK shares ended 8.1% higher on Friday. The previous day, The Information reported that Chinese tech companies, including Baidu and Alibaba, have started using their own chips in AI models.
The move is seen as a major step in reducing their reliance on chips from Nvidia, at a time when the U.S. has disallowed the supply of the top-end American designs.
With the rally, Baidu is building on the sharp upswing seen in peer Alibaba's shares in recent weeks, also on AI optimism.
"$BIDU patiently waited for 2 years for this to finally pop," a Stocktwits user said, as retail sentiment for the stock climbed higher in the 'bullish' territory.
As of last close, BIDU shares are up 34.45%, below the 86% rise in Alibaba's stock and 41% rise in KraneShares CSI China Internet ETF, which tracks Chinese tech companies.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Japan Buy Now Pay Later Market Size To Surpass USD 145.5 Billion By 2033 CAGR Of 22.23%
- BTCC Summer Festival 2025 Unites Japan's Web3 Community
- GCL Subsidiary, 2Game Digital, Partners With Kucoin Pay To Accept Secure Crypto Payments In Real Time
- Smart Indoor Gardens Market Growth: Size, Trends, And Forecast 20252033
- Nutritional Bar Market Size To Expand At A CAGR Of 3.5% During 2025-2033
- Pluscapital Advisor Empowers Traders To Master Global Markets Around The Clock
Comments
No comment