Robotaxi Rally: Baidu (BIDU) Stock Pops as Apollo Go Orders Climb

Chinese software company Baidu (NASDAQ:BIDU) stock rose on the news that its Apollo Go robotaxi business is growing and could generate a profit in 2025.BIDU stock rose 2.3% overnight. It opened this morning at $97.59 per share, a market capitalization of over $34 billion. Shares are down 17% so far in 2024, 33% over the last year.China’s WaymoBaidu came to prominence for its search engine, sometimes called “China’s Google,” which still has over 50% of that country’s search market. Thus, the robotaxi busines ...