Baidu, Inc. engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app. It also provides Baidu Knows, an online community where users can ask questions to other users; Baidu Wiki; Baidu Experience; Baidu Post; ERNIE Bot, conversational AI bot; Baidu Wenku; Baidu Maps, a voice-enabled mobile app that provides travel-related services; Baidu Drive; Baijiahao; and DuerOS, a smart assistant platform. In addition, it offers online marketing services, which include pay for performance, an auction-based services that allow customers to bid for priority placement of paid sponsored links and reach users who search for information related to their products or services; other marketing services that include display-based marketing services and other online marketing services based on performance criteria other than cost per click; mobile ecosystem, a portfolio of apps, including Baidu App, Haokan, and Baidu Post; various cloud services and solutions, such as platform as a service, software as a service, and infrastructure as a service; self-driving services, including maps, automated valet parking, navigation pilot, electric vehicles, and robotaxi fleets, as well as Xiaodu smart devices. Further, the company provides iQIYI, an online entertainment service, including original and licensed content; other video content and membership; and online advertising services. It has strategic partnership with Zhejiang Geely Holding Group. The company was formerly known as Baidu.com, Inc. Baidu, Inc. was incorporated in 2000 and is headquartered in Beijing, China.

Baidu, Inc.

(RTTNews) - Baidu Inc. (BIDU, 9888.HK) announced plans for the proposed spin-off and separate listing of H shares of Kunlunxin (Beijing) Technology Co., Ltd., a non-wholly owned subsidiary, on the Main Board of the Hong Kong Stock Exchange (HKEX). The initiative is designed to highlight Kunlunxin's independent value, attract investors with a focus on the AI chip sector, and strengthen its market profile. By pursuing a standalone listing, Kunlunxin aims to broaden financing channels and enhance management accountability, while supporting Baidu's broader strategy to unlock the value of its AI-powered businesses.
A confidential listing application has already been submitted to the HKEX for approval to list and trade Kunlunxin's H shares. Upon completion of the spin-off, Kunlunxin is expected to remain a subsidiary of Baidu.
The details of the proposed spin-off are still being finalized and remain subject to multiple conditions, including approvals from the HKEX, completion of filings with the China Securities Regulatory Commission, and final decisions by both Baidu and Kunlunxin.
The company cautions that there is no assurance regarding the timing or certainty of the spin-off taking place.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Baidu Announces Proposed Spin-off Of Kunlunxin

Below is Validea's guru fundamental report for BAIDU INC (ADR) (BIDU). Of the 22 guru strategies we follow, BIDU rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
BAIDU INC (ADR) (BIDU) is a large-cap growth stock in the Advertising industry. The rating using this strategy is 94% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of BAIDU INC (ADR)
More Information on Dashan Huang
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Detailed Fundamental Analysis - BIDU

The most recent trading session ended with Baidu Inc. (BIDU) standing at $89.79, reflecting a +0.35% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.03%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, added 0.56%.
The web search company's stock has dropped by 12.75% in the past month, falling short of the Computer and Technology sector's gain of 1.65% and the S&P 500's gain of 1.39%.
The investment community will be closely monitoring the performance of Baidu Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.73, reflecting a 2.5% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.81 billion, indicating a 1.96% increase compared to the same quarter of the previous year.
BIDU's full-year Zacks Consensus Estimates are calling for earnings of $11.17 per share and revenue of $18.76 billion. These results would represent year-over-year changes of -1.93% and -0.59%, respectively.
Investors might also notice recent changes to analyst estimates for Baidu Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Baidu Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Baidu Inc. currently has a Forward P/E ratio of 8.01. This represents a discount compared to its industry's average Forward P/E of 34.82.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 66, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Baidu Inc. (BIDU) Advances While Market Declines: Some Information for Investors

Key Points
Sold 998,716 shares of Baidu; position value decreased by $49.13 million.
Trade represented 4.6642% of Black Creek's 13F AUM as of September 30, 2025.
After the sale, Black Creek held 793,718 shares worth $104.59 million.
Black Creek Investment Management Inc. cut its holding in Baidu (NASDAQ:BIDU) in the third quarter.
What happened
According to a filing with the U.S. Securities and Exchange Commission dated November 12, 2025, Black Creek Investment Management Inc. sold 998,716 shares of Baidu in Q3. The position’s value fell by $49.13 million, leaving 793,718 shares valued at $104.59 million at quarter-end.
What else to know
Black Creek’s Baidu holding now accounts for 4.93% of reported U.S. equity AUM, down from 9.60% the previous quarter.
Top five positions after the filing:
NASDAQ:HOLX: $252.64 million (11.91% of AUM)
NYSE:ELAN: $251.40 million (11.85% of AUM)
NYSE:BAH: $208.74 million (9.8% of AUM)
NASDAQ:PSMT: $206.72 million (9.75% of AUM)
NASDAQ:PYPL: $184.63 million (8.71% of AUM)
As of November 11, 2025, Baidu shares were priced at $131.95, up 49.47% over the past year and outperforming the S&P 500 by 34.13 percentage points.
The position was previously 7.11% of the fund’s AUM as of the prior quarter.
Company Overview
Revenue (TTM)
$18.68 billion
Net Income (TTM)
$3.92 billion
Price (as of market close 2025-11-11)
$131.95
One-Year Price Change
49.47%
Company Snapshot
Baidu offers online marketing solutions, cloud services, and AI-driven products, with additional revenue from its iQIYI video streaming platform.
The company generates revenue primarily through digital advertising, cloud computing services, and paid content subscriptions.
Its main customers include businesses seeking digital marketing and cloud solutions, as well as consumers using its search, video, and entertainment platforms in China.
Baidu, Inc. is a leading Chinese technology company specializing in internet search, digital marketing, and cloud-based services. The company leverages its strong AI capabilities and large user base to deliver integrated digital solutions across multiple platforms, including its flagship search engine and the iQIYI streaming service. Baidu's strategic focus on artificial intelligence and cloud infrastructure positions it as a key player in China's digital economy.
Foolish take
Black Creek has chosen to trim its Baidu stake at an interesting time. After years of range-bound trading, the media stock had finally begun to break out in the third quarter of 2025, rising 54% in that quarter alone.
Assuming the fund sold its shares in the last two weeks of the quarter, the company benefited from most of that increase.
Interestingly, the move may not have been unusual, as Black Creek adjusted its position size in all but one of its 28 stocks, including the two new positions it initiated. The Baidu sale is only notable because the 56% reduction in the position size was the largest negative adjustment by percentage in Q3.
It is also worth noting that Black Creek is still holding 44% of its shares. Since Q3, the stock price has not made any significant adjustments, and investors will have to wait for the next release of its holdings to know whether it still holds Baidu or merely took profits amid the Q3 increase in the stock price.
Glossary
13F AUM: The total value of U.S. equity securities reported by an institutional investment manager in quarterly SEC Form 13F filings.
AUM (Assets Under Management): The total market value of assets that an investment firm manages on behalf of clients.
Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report.
Position: The amount of a particular security or asset held by an investor or fund.
Top five holdings: The five largest investments in a fund's portfolio by market value.
Exposure: The amount of capital invested in a particular asset, sector, or market, indicating potential risk or return.
Quarter-end: The last day of a fiscal quarter, used as a reference point for financial reporting.
Digital advertising: The promotion of products or services through online channels such as search engines, websites, and social media.
Cloud computing services: On-demand delivery of computing resources and software over the internet, typically on a subscription basis.
Artificial intelligence (AI): Technology that enables machines to perform tasks that typically require human intelligence, such as learning and problem-solving.
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Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Baidu, Booz Allen Hamilton, and PayPal. The Motley Fool recommends the following options: long January 2027 $42.50 calls on PayPal and short December 2025 $75 calls on PayPal. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Black Creek Dumps 999,000 Shares of Baidu Stock Worth $49.1 Million

Baidu's BIDU strategic push to expand Apollo Go internationally represents a pivotal moment in the autonomous ride-hailing industry. Rather than treating Robotaxi as a domestic showcase, the company is positioning Apollo Go as a global mobility platform, leveraging its decade-long technical edge and one of the industry’s largest fully driverless fleets. The strategy centres on aligning with established local operators and securing regulatory clarity in markets where commercial adoption could scale quickly.
The international expansion has been gaining significant momentum. In Switzerland, Apollo Go launched services with PostBus, while in Abu Dhabi, it has secured complete driverless commercial permits. In Hong Kong, open-road testing zones have expanded across Kowloon and Kwun Tong. By November 2025, cumulative public rides surpassed 17 million and the service’s footprint reached 22 cities. Weekly fully driverless rides exceeded 250,000 in October and Apollo Go fleets have logged 240 million autonomous kilometres with 140 million fully driverless, while maintaining a strong safety record.
The operational scale is translating into early economic signals. Several cities are already profitable on a unit basis, with more expected in 2026 as utilisation improves and asset-light partnerships gain traction. However, the financial impact remains gradual. The Zacks Consensus Estimate for fourth-quarter 2025 revenues is pegged at $4.62 billion, indicating a 1.09% year-over-year decline, showing Apollo Go has not yet offset broader pressures. Even so, its global rollout strengthens the longer-term setup. If profitability broadens in 2026, Apollo Go’s expansion could emerge as a more tangible driver of upside for Baidu.
Competition Heats Up in Global Autonomous Mobility
Competition in autonomous mobility is intensifying, as Tesla TSLA and Alphabet GOOGL scale their platforms in ways that increasingly overlap with Baidu’s ambitions. Tesla is advancing Full Self Driving through continuous software upgrades, while Alphabet is expanding Waymo’s robotaxi network in major U.S. cities. Both Tesla and Alphabet are pushing toward broader commercial deployment, creating pressure for Baidu as Apollo Go moves into global markets. Tesla’s vehicle-integrated autonomy and Alphabet’s purpose-built robotaxi model contrast with Baidu’s mass-market approach, highlighting how Baidu must differentiate on operational scale, cost structure and regulatory traction as it competes directly with Tesla and Alphabet.
BIDU’s Price Performance, Valuation & Estimates
Baidu’s shares have appreciated 49.2% in the past six months, underperforming the Zacks Internet - Services industry’s jump of 76.1% but beating the Zacks Computer and Technology sector’s growth of 28.4%.
BIDU’s Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, BIDU’s forward 12-month price/earnings ratio is 20.09X, which is below the industry average of 29.44X. BIDU has a Value Score of C.
BIDU’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BIDU’s fourth quarter 2025 earnings is pegged at $1.5 per share, down by 5 cents over the past 30 days, indicating a 42.97% year-over-year decline.
Baidu, Inc. Price and Consensus
Baidu currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Baidu, Inc. (BIDU) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is Apollo Go's Global Push a Sign of More Upside for Baidu Stock?

Tesla TSLA has tied a huge part of its long-term growth story to autonomous driving, and robotaxis sit at the center of that vision. The company began its first robotaxi service in Austin on June 22, but even today, every ride requires supervision. Safety monitors or remote operators are involved in each trip, which means Tesla is not yet running a truly driverless service.
But that may soon change. CEO Elon Musk reiterated yesterday that Tesla is close to removing safety monitors in Austin. In his words, “Unsupervised is pretty much solved at this point. So, there will be Tesla Robotaxis operating in Austin with no one in them… in about three weeks.” This is Musk’s fourth such projection in recent months, after similar comments in September, October and November.
Right now, Tesla’s system still requires human oversight. In Austin, monitors sit in the passenger seat on local roads and move to the driver’s seat for highway trips. In the Bay Area, a monitor remains in the driver’s seat at all times.
If Musk’s timeline holds, Austin could see fully driverless Teslas on public roads by year-end. That would be a major milestone, even if it happens in a controlled or limited form. But investors have seen Tesla set ambitious deadlines before, especially in autonomy.
Tesla had aimed to serve half the U.S. population by the end of the year, yet its actual deployment remains limited to Texas, California and Arizona. Expansion to Las Vegas, Dallas, Houston and Miami is planned next, depending on regulatory approvals and safety validation across each region. The company’s progress—over 550,000 robotaxi miles so far, mainly in Austin and the Bay Area—shows meaningful traction, yet it remains well behind the pace implied by Tesla’s early claims.
So, can Tesla achieve fully driverless robotaxis by the end of 2025? It’s possible, but not assured. The technology is improving, the platform is expanding, and Musk is pushing hard, but regulators and real-world challenges will ultimately decide how fast Tesla can get there.
Key Competitors of TSLA in the Robotaxi Space
Tesla faces tough competition in the robotaxi race, and the most advanced rival today is Alphabet’s GOOGL Waymo. Waymo has been operating truly driverless vehicles for years and recently crossed 450,000 weekly paid rides, almost double the 250,000 it reported in April. It continues to widen its lead with new expansions, including freeway operations in three cities and autonomous service in markets like Miami, Dallas, Houston, San Antonio and Orlando. Its entire fleet runs without safety drivers, giving it a strong edge over Tesla.
Baidu BIDU is another major player, though its progress is concentrated in China. Its Apollo Go service already offers fully driverless robotaxi operations in cities such as Beijing, Wuhan and Shenzhen, and it is spreading internationally in markets like Dubai and Switzerland. With operations in 22 cities and fully driverless coverage across key mainland regions, Baidu is building a scale and density that only a few competitors can match.
The Zacks Rundown on Tesla
Shares of Tesla have risen roughly 10% year to date, underperforming the industry.
Image Source: Zacks Investment Research
From a valuation standpoint, TSLA trades at a forward price-to-sales ratio of 13.97, way above the industry. It carries a Value Score of D.
Image Source: Zacks Investment Research
See how the Zacks Consensus Estimate for TSLA’s earnings has been revised over the past 90 days.
Image Source: Zacks Investment Research
Tesla stock currently carries a Zacks Rank #3 (Hold).
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Can Tesla Robotaxis Get Fully Driverless by the End of 2025?

Baidu BIDU presents an intriguing investment case for those evaluating China's technology sector at current valuation levels. Trading at a forward price-to-earnings ratio of 20.37x, the stock sits at a substantial discount to the Zacks Internet-Services industry's 29.57x and the Zacks Computer and Technology sector's 29.03x.
This valuation gap raises important questions about whether the market is simply accounting for near-term pressures or overlooking fundamentals that may become more visible over time. For investors, the key consideration is whether BIDU’s discount reflects short-term adjustments or a fair valuation for its current transition phase. Let’s delve deeper to understand where the stock stands currently.
Price/Sales Ratio (F12M)
Image Source: Zacks Investment Research
Apollo Go's Global Expansion Adds Strategic Optionality
BIDU’s Apollo Go continues to scale at a pace that now signals early commercial viability rather than experimental rollout. The platform provided 3.1 million fully driverless rides in the third quarter of 2025, up 212% year over year and accelerating from 148% in the prior quarter, pushing cumulative rides beyond 17 million by November 2025. Its expansion into Switzerland with PostBus, fully driverless permits in Abu Dhabi and broader testing zones across Hong Kong reflect growing regulatory confidence in its technology. With operations in 22 cities and 100% fully driverless service across major Chinese mainland markets, Apollo Go is building density that few peers match. Despite rising competition from Tesla TSLA, Alibaba BABA backed AutoX and others, BIDU retains an execution lead grounded in 240 million autonomous kilometres and improving unit economics, strengthened further by the cost-efficient RT6 vehicle platform.
AI Infrastructure Leadership Supports Long-Term Thesis
BIDU’s AI infrastructure strategy is becoming a key catalyst for its long-term positioning as enterprises shift toward AI-native workflows. At the core of this ecosystem is ERNIE 5.0, the company's latest omni-modal foundation model designed to handle multimodal reasoning, real-time interaction and domain-specific instruction following. These capabilities support applications ranging from digital employees and AI-native marketing tools to autonomous driving perception systems, allowing enterprises to run higher-quality inference with fewer resources. The Qianfan platform has evolved into an agent-centric MaaS environment that supports full life-cycle development of enterprise AI agents across manufacturing, logistics, energy and automotive use cases. AI Cloud Infrastructure generated RMB 4.2 billion in revenues in the third quarter of 2025, up 33% year over year. Meanwhile, competition from Alibaba Cloud and Tencent Holdings TCEHY remains active, but BIDU's ability to connect ERNIE 5.0 directly into its infrastructure, frameworks and applications creates a cohesive architecture that supports long-term enterprise adoption.
Core Advertising Business Faces Structural Headwinds
BIDU's online marketing business continues facing structural headwinds that are offsetting momentum in emerging growth areas. Online marketing revenues declined 18% year over year in the third quarter of 2025 to RMB 15.3 billion, reflecting ongoing weakness in China's advertising market and intensifying competition from integrated e-commerce and social media platforms. This core business segment, which historically generated the majority of company revenues and profits, is experiencing pressure from macroeconomic uncertainty, changing advertiser preferences and the gradual shift of marketing budgets toward short-form video and live-streaming formats where BIDU has less market share. While the company is developing AI-native marketing services, including agents and digital humans that showed 262% year-over-year growth, these innovations remain a relatively small portion of total advertising revenues and have not yet scaled sufficiently to offset legacy business declines.
Mixed Trends in Share Price Movement & Earnings Estimate Revisions
BIDU shares have appreciated 45.8% over the past year, underperforming the Zacks industry's 67.7% growth and trailing gains posted by Alibaba and Tencent, which rose 76% and 46.6%, respectively. Notably, BIDU has significantly outperformed Tesla’s shares, which rose only 9.6% over the same timeframe, suggesting that despite challenges in its core advertising business, the market is pricing in greater long-term potential from BIDU's AI and autonomous driving initiatives.
BIDU’s Performance
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at $1.50, down 5 cents over the past 30 days and suggesting a 42.97% year-over-year decline. The consensus mark for 2025 earnings is pegged at $7.16 per share, up 13 cents over the past 30 days, indicating a 32% annual decline. These trends signal that while Apollo Go and AI Cloud show operational momentum, the timeline for offsetting advertising headwinds and heavy AI reinvestment costs remains uncertain.
Baidu, Inc. Price and Consensus
Conclusion
Baidu's investments in AI infrastructure, cloud services and autonomous driving position it at the centre of China's technology transformation. However, persistent advertising weakness and uncertain AI monetization timelines constrain near-term profitability. While BIDU outperformed Tesla over the past year, it lagged Alibaba and Tencent, reflecting cautious investor sentiment. With mixed earnings estimate revisions and the stock trading at a valuation discount to industry peers, existing shareholders should hold current positions, while new investors may benefit from waiting for a clearer entry point. BIDU currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Baidu Trading at a Discount at 20.4x P/E: Buy, Sell or Hold the Stock?

Outside of the Federal Reserve and trade, nothing is likely to impact the US economy and stock market more than the artificial intelligence (AI) revolution. As such, whether one is a tech investor or not, the industry is worth watching. With so much going on in the industry from a regulatory, investment, and international perspective, it’s worth taking some time to track the latest headlines. Below are three of the most impactful AI headlines this week:
Trump Executive Order: One Rule Book for AI
One of the benefits under the Tenth Amendment of the United States Constitution is that “all powers not granted to the federal government are reserved for the states and the people.” In other words, because the United States is diverse, states have autonomy from the Federal government over issues such as health, public safety, and education. However, in certain instances, like AI, the federal government must take control, as without one rule book, regulations become too cumbersome, unrealistic, and anti-innovation. For this reason, on Monday, the Trump Administration announced plans for an executive order next month seeking to create a national AI rule.
In a lengthy social media post, “AI Czar” David Sacks presented the logic behind the executive order decision. Below is an excerpt:
“When an AI model is developed in state A, trained in state B, inferenced in state C, and delivered over the internet through national telecommunications infrastructure, that is clearly interstate commerce, and exactly the type of economic activity that the Framers of the Constitution intended to reserve for the federal government to regulate. In the absence of preemption, 50 different states will assert their jurisdiction, creating a patchwork of 50 different regulatory regimes, often in contradiction with each other. Indeed this is already happening. Over 1,200 bills have been introduced in state legislatures, and over 100 measures have already passed.”
For US stock market and AI bulls, it is absolutely critical that this bill passes. If US AI firms are bogged down by 50 different sets of rules, competing with cutthroat competition like China seems highly unlikely.
Nvidia Reportedly Allowed to Sell H200s to China
Nvidia (NVDA), which designs the most powerful AI chips worldwide, has been caught in the middle of trade tensions between the United States and China. However, after cooling tensions between the two economic rivals and several meetings, the US Commerce Department is reportedly prepared to permit the sale of NVDA H200s to China.
China hawks argue that by selling powerful AI chips to China, the US risks China becoming too powerful militarily. Conversely, proponents of a more open market suggest that China will get their hands on these chips through backdoor means or eventually catch up to Nvidia’s groundbreaking technology.
Baidu Rises on Reports of AI Chip Spin-Off
Baidu (BIDU), the ‘Google of China,’ is up ~10% over the past two sessions after a report suggested that the Chinese tech giant may spin off and IPO its Kunlun AI chip unit. Today, Citi (C) reiterated its buy rating and $181 price target for the stock.
Bottom Line
As the AI landscape shifts by the week, these developments highlight how intertwined technology has become with policy, trade, and global competition. From potential federal regulation to semiconductor diplomacy and strategic corporate restructuring, AI’s trajectory will have sweeping implications for markets and innovation.
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Want to be tipped off early to our 10 top picks for the entirety of 2026? History suggests their performance could be sensational.
From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
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AI Policy, Chips, & China: What Investors Need to Know

Key Points
New York City-based RPD Fund Management reduced its stake in Baidu by nearly 1.3 million shares in the third quarter.
The net position reduction equaled about $108 million.
The position previously accounted for 4.5% of fund AUM in the prior quarter.
New York City-based RPD Fund Management sold out its entire position in Baidu (NASDAQ:BIDU) during the third quarter, a move representing about $108 million in value, according to a SEC filing for the period ended September 30.
What Happened
According to a filing with the Securities and Exchange Commission dated November 14, RPD Fund Management fully exited its holding in Baidu (NASDAQ:BIDU), selling all 1.3 million shares in the third quarter. The transaction reflects a net position change of about $108 million based on quarterly average pricing. This marks a complete liquidation of a stake that previously represented 4.5% of the fund’s reported assets.
What Else to Know
Top holdings after the filing:
NASDAQ:GTM: $163.2 million (97.9% of AUM)
NYSE:HOUS: $2.3 million (1.4% of AUM)
NYSE:ANF: $752,840 (0.5% of AUM)
NASDAQ:DOMO: $503,712 (0.3% of AUM)
As of Friday, Baidu shares were priced at $125.66, up 48% over the past year — well outperforming the S&P 500, which is up 13% in the same period.
Company Overview
Price (as of market close Friday)
$125.66
Market Capitalization
$43.8 billion
Revenue (TTM)
$18.8 billion
Net Income (TTM)
$3.9 billion
Company Snapshot
Baidu generates revenue primarily through online marketing services, cloud computing, artificial intelligence initiatives, and digital video content via its Baidu Core and iQIYI segments.
The company offers online marketing services, cloud services, and digital content through its Baidu Core and iQIYI platforms.
Baidu serves businesses seeking digital marketing and cloud solutions, as well as consumers in China accessing search, video, and entertainment content.
Baidu, Inc. is a leading internet technology company in China, leveraging its scale in search, cloud, and AI-driven services to capture digital advertising and cloud computing demand. The company’s dual-segment structure enables it to diversify revenue streams across both business and consumer markets. Baidu’s competitive edge lies in its robust technology infrastructure, extensive user base, and ongoing investments in artificial intelligence and digital content platforms.
Foolish Take
RPD Fund Management’s move — as large as it is — seems like it could be a sign of shifting conviction in a business undergoing a complicated transition. While Baidu’s stock has rallied meaningfully from its lows, the company’s latest earnings underscore how uneven that recovery remains. Third-quarter revenue fell 7% year over year to RMB 31.2 billion, and Baidu reported a steep RMB 15.1 billion operating loss driven primarily by a RMB 16.2 billion impairment to long-lived assets. Excluding this charge, core operations remained profitable, with non-GAAP net income reaching RMB 3.8 billion ($530 million) and adjusted EBITDA totaling RMB 4.4 billion ($622 million).
RPD’s full exit removes what had been a meaningful 4.5% position in a fund now almost entirely concentrated in a single holding. And while Baidu continues to highlight AI-driven momentum — AI Cloud revenue surged 33%, while AI-native marketing skyrocketed 262% — the mixed financial picture may have prompted a reassessment. Ultimately, anyone considering the stock should weigh improving AI fundamentals against volatility in earnings quality and the company’s ongoing strategic pivot.
Glossary
13F reportable assets under management: The portion of a fund’s assets required to be disclosed in quarterly SEC Form 13F filings.
Net position change: The total dollar value difference in a fund’s holding of a security after buying or selling.
Assets under management (AUM): The total market value of investments managed by a fund or investment firm.
Liquidation: The process of selling off an entire investment position, reducing the holding to zero.
Quarterly average pricing: The average price of a security over a specific quarter, used for reporting or valuation.
Outperformed: Delivered a higher return compared to a benchmark or index over a given period.
Stake: The amount or percentage of ownership a fund or investor holds in a company.
Filing: An official document submitted to a regulatory agency, such as the SEC, detailing financial or ownership information.
Digital content: Online media such as video, music, or articles distributed via internet platforms.
Cloud computing: Delivery of computing services—like storage, processing, and software—over the internet instead of local servers.
Artificial intelligence (AI): Technology that enables machines to perform tasks that typically require human intelligence.
TTM: The 12-month period ending with the most recent quarterly report.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Baidu. The Motley Fool recommends Abercrombie & Fitch. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Baidu Stock Is Up 48% This Past Year — So Why Did One Fund Just Exit a $108 Million Position?

Below is Validea's guru fundamental report for BAIDU INC (ADR) (BIDU). Of the 22 guru strategies we follow, BIDU rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
BAIDU INC (ADR) (BIDU) is a large-cap growth stock in the Advertising industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of BAIDU INC (ADR)
BIDU Guru Analysis
More Information on Dashan Huang
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
Additional Research Links
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	9.17 16.80
Price/Sales	1.86 1.00
P/B	0.90 1.56
P/FCF	19.14 11.76

Indicator	TTM Median
ROE	9.92 12.75
ROA	6.29 5.10
ROI	8.21 7.52
Net Worth	33.39 0.85
Quick Ratio	0.00 0.93
Current Ratio	1.85 1.21

Indicator	TTM Median
Net Profit Margin	20.99 10.21
Operating Margin	13.23 14.29
Gross Margin	47.08 55.77
Return on tangible equity	11.53 27.87

Indicator	TTM Median
EPS	2.48 0.25
EPS Forecast	1.95 0.21
Revenue	4.57B 89.00M
Gross Profit	2.00B —
EBITDA	457.00M —

Baidu, Inc.

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue