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Baidu.com (NASDAQ:BIDU), the Chinese search engine and artificial intelligence group listed on Nasdaq, rose nearly 5% in premarket trading on Monday after first-quarter results showed its fast-growing AI cloud business more than offsetting a sharp decline in its traditional advertising...
Baidu stock climbed higher early Monday after the Chinese search engine company reported first-quarter results ahead of analyst expectations. Baidu said that it earned an adjusted 12.06 yuan per American depositary share for the March quarter, down 34% from a year earlier. Often compared to Google, Baidu was one of the quickest Chinese tech companies to embrace AI.