Baidu Shares Plunge 28.9% Year to Date: Time to Sell the Stock?
BIDU(BIDU) ZACKS·2024-12-05 22:15
Baidu (BIDU) , China's leading AI company, finds itself in increasingly troubled waters as its shares have plunged 28.9% year to date, underperforming the Zacks Computer and Technology sector’s growth of 30.6%. This has raised significant concerns about the company’s growth trajectory and market positioning. BIDU's latest financial results for third-quarter 2024 paint a concerning picture, with total revenues declining 3% year over year to RMB 33.6 billion ($4.78 billion), signaling persistent weakness acro ...