Baidu Adds $6 Billion in Day as Buy Calls Get Louder in AI Hype

Baidu, the Chinese tech giant, experienced a significant surge in its stock price, gaining over $6 billion in a single day. This sharp increase was fueled by growing investor enthusiasm for the company's potential in the artificial intelligence (AI) chip market. The article highlights that Baidu's shares in Hong Kong witnessed their biggest single-day gain in more than three years, reflecting the market's optimism about the company's AI capabilities. Investors are increasingly bullish on Baidu's AI chip development, which is seen as a crucial component in the rapidly evolving AI landscape. The report notes that the surge in Baidu's stock price comes amid a broader hype surrounding AI technologies, as companies race to develop and integrate advanced AI systems into their products and services. Baidu's performance underscores the high expectations and potential opportunities in this rapidly transforming industry.