The Latest Breaking News from Baidu

Baidu (NASDAQ: BIDU) is pushing its Apollo Go robotaxi business into new markets, including Australia, as the service reaches operational profitability in several Chinese cities.

While both are aggressively expanding, one has an upper hand.

On Thursday, Cathie Wood-led Ark Invest executed significant trades, notably selling shares of Tempus AI Inc (NASDAQ:TEM) and buying shares of Brera Holdings PLC (NASDAQ:BREA), Pony AI Inc (NASDAQ:PONY) and Baidu Inc (NASDAQ:BIDU). These trades reflect Ark’s strategic positioning in the tech and AI sectors.

Huawei laid down a roadmap for its Ascend AI chips, an increasingly important product for the company, and China as a whole, amid the U.S.-China tech arms race.

China's top internet regulator has reportedly asked tech firms to stop using Nvidia's chips, deeming that local alternatives are good enough to compete.

After years of losing ground to regulations and slow expansion, Chinese tech stocks are roaring back, and U.S.-listed ETFs tracking them are enjoying the ride.

Chinese technology stocks rallied on Wednesday as growing bets on artificial intelligence lifted investor sentiment. Shares of Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), JD.com (NASDAQ:JD), PDD (NASDAQ:PDD), NIO (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV) all advanced, underscoring renewed confidence in China’s tech and electric vehicle sectors.

The turnover rate in Chinese stocks suggests more interest and liquidity is going into the region's biggest stocks, an opportunity for retail investors.

U.S.-listed Chinese stocks slid on Wednesday as investors grew increasingly wary of parallels to the country’s 2015 stock market bubble, when a liquidity-driven rally pushed valuations far beyond economic fundamentals.