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Bear of the Day: Baidu (BIDU)
BIDUBIDU(BIDU) ZACKS·2024-10-25 11:21

Baidu ((BIDU) is the premier AI technology company in China and its shares recently benefited from the late September PBOC stimulus program.BIDU shares vaulted 35% from $86 to $116 in just eight trading days.But just as quickly, the excitement has faded and the stock is back below $90, much to the surprise of uber China bulls.My colleague Andrew Rocco has written extensively about the exploits of one such enthusiast, namely celebrity hedge fund manager David Tepper who helms the Appaloosa Fund.You can find ...