Is It Too Late to Buy Baidu Stock?

Is It Too Late to Buy Baidu Stock?

Baidu's (NASDAQ: BIDU) stock price is up about 40% this year. Most of the Chinese tech giant's rally was driven by two factors: the relaxation of China's zero-COVID restrictions, which should reduce the macroeconomic pressure on its advertising and cloud businesses, and a stampede toward all AI-related stocks, which was initially sparked by OpenAI's ChatGPT.