Will Baidu Be a Trillion-Dollar Stock by 2030?
BIDU(BIDU) The Motley Fool·2024-06-17 18:00
The Chinese tech giant still needs to overcome some long-term challenges.Baidu (BIDU -0.48%) was once one of China's hottest tech stocks. The online search and advertising giant's stock hit an all-time high of $339.91 on Feb. 19, 2021 -- which propelled its market cap to nearly $114 billion. That represented a whopping 12,489% gain from its split-adjusted initial public offering (IPO) price of $2.70 per share on Aug. 5, 2005.Today, Baidu's stock trades at about $92 with a market cap of $33 billion. Its grow ...