Baidu Rises 10% in a Month: How Should Investors Play the Stock?

Baidu, Inc. (BIDU) shares have gained 10% in a month, outperforming the broader Zacks Computer & Technology sector's return of 0.7% and the S&P 500 index’s rise of 1.8%. The company has also outpaced the Zacks Internet-Services industry which lost 2% in the same time frame.China’s search giant has been enjoying some short-term gains of late, thanks to its deepening focus on its Artificial Intelligence (AI) drive and growing generative AI (GenAI) capabilities. Solid momentum in its AI Cloud business is turni ...