$107.73
-2.41 (-2.19%)
BIDU News15 articles
NVIDIA Stock Rises on AI Demand; China Risks Persist Ahead of Fed
NVIDIA shares rose over 2% in premarket trading, driven by strong AI data center demand, but risks from ByteDance's shift to Chinese chip suppliers and NVIDIA's declining China market share loom.
ARK Invest Acquires 3.3 Million SpaceX Shares on IPO Day, Exits Teradyne, Iridium, Archer
ARK Invest acquired nearly 3.3 million SpaceX shares on its IPO day, funding the purchase by selling stakes in Teradyne, Iridium, Twist Bioscience, and Archer Aviation.
Alibaba Shares Tumble 5.4% After Beijing Questions 618 Subsidy Claims
Alibaba's Hong Kong shares plunged 5.4% after Beijing regulators questioned Taobao and Tmall's 618 festival subsidy claims, intensifying regulatory risk and margin worries.
Alibaba Surges 6.5% as AI Adoption Fuels Hong Kong Tech Rally
Alibaba shares surged 6.5% in Hong Kong to HK$130.80, leading a tech rally as investors pivot to AI adoption. Cloud revenue jumped 38%, but adjusted EBITA tumbled 84% due to AI and cloud spending.
Asian Markets Rally on US-Iran Talks, Nikkei Nears Record
Asian shares advanced Friday, with Japan's Nikkei jumping 2.8% toward a record high, fueled by hopes for US-Iran diplomacy, while oil remained near $105 and the yen stayed weak.
Baidu Surges on AI Cloud Strength Despite Advertising Decline
Baidu's U.S.-listed shares rallied over 3% premarket as Q1 revenue topped forecasts, with AI cloud revenue surging 49% to offset a 22% drop in online marketing.
Alibaba's AI Cloud Bet Drives Stock Surge Amid Profit Dip
Alibaba's cloud revenue surged 38% to 41.63 billion yuan, fueling a stock rally even as operating profit swung to a loss of 848 million yuan, highlighting the AI investment trade-off.
Baidu's AI Chip Arm Kunlunxin Pursues Dual Listing in Shanghai and Hong Kong
Kunlunxin, Baidu's AI chip unit, has initiated a Shanghai STAR Market IPO process while maintaining its Hong Kong listing plans, boosting Baidu shares by 5.75%.
Uber Bets $10 Billion on Robotaxi Expansion, Pivots from Asset-Light Model
Uber is investing more than $10 billion to deploy autonomous ride-hailing services, shifting from its traditional asset-light approach. The company plans to launch robotaxis in at least 28 cities by 2028 through partnerships with Baidu, Rivian, and Lucid.
Cocoa, Coffee, and Sugar Rally Amid Supply Shocks and Dollar Weakness
Commodity markets saw significant moves with cocoa, coffee, and sugar prices climbing due to supply constraints and a weaker dollar. Equities in India and Hong Kong rallied on easing geopolitical tensions.
Foxconn's AI-Driven Revenue Surge Signals Robust Demand for Nvidia Servers
Foxconn's first-quarter revenue surged 29.7% year-over-year, highlighting strong AI server demand for key client Nvidia. Nvidia projects $78 billion in Q1 revenue, excluding China data-center sales, as competition intensifies.
Nvidia Dips 3% as Macro Fears Overshadow Major Amazon AI Chip Order
Nvidia shares declined 3.1% on Friday, closing at $172.70, as broader market anxieties offset news of a significant AI chip agreement with Amazon. The company's market capitalization settled near $4.53 trillion.
Nvidia's Networking Unit Surges, Fueling $1 Trillion AI Ambition
Nvidia's networking division generated $11 billion last quarter, more than triple the prior year, as the company reported record total revenue of $68.1 billion. CEO Jensen Huang outlined a $1 trillion revenue target for its AI chips by 2027.
Uber shares slip after hours amid Lyft selloff, Dubai robotaxi deal with Baidu
Uber Technologies stock declined over 3% in extended trading, pressured by a sharp drop in rival Lyft and news of a $335 million acquisition of Getir's Turkey food delivery business.
Uber shares dip on Dubai robotaxi launch and $335M Getir acquisition
Uber stock edged lower as the company announced plans to deploy Baidu's autonomous vehicles in Dubai and finalized a major acquisition of Getir's food delivery business in Turkey.