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iQIYI (IQ) Loses 6.8% as Funds Flock to AI

We recently published 10 Stocks Melt Down in Hours. iQIYI Inc. (NASDAQ:IQ) is one of the worst performers on Wednesday. Shares of iQIYI dropped by 6.81 percent on Wednesday to close at $2.6 apiece as funds shifted to artificial intelligence, while investors continued to digest trade tensions anew between the US and China. Earlier this week, China warned the US over attempts to interfere in its issues on Taiwan and the South China Sea, saying that any move by Washington will be thwarted by Beijing. The fr ...