Baidu Ranks as China’s Cheapest Internet Stock Amid AI Concerns

Baidu Inc., China's leading internet search giant, has been trading at the cheapest valuation among the country's major internet companies. This underperformance is largely attributed to concerns over the company's outlook, particularly in the area of artificial intelligence (AI). The article highlights that Baidu's stock has experienced a sharp decline, leading to it being the most affordable internet stock in China. Investors have grown cautious about the company's future prospects, as it faces challenges in the rapidly evolving AI landscape. The article suggests that Baidu's struggles are in contrast to the performance of other major Chinese tech firms, which have managed to maintain stronger investor confidence. However, the article does not delve into the specific factors contributing to Baidu's underperformance or provide any insights into the company's strategies to address the AI-related concerns. Overall, the article presents a concise overview of Baidu's current position as the cheapest internet stock in China, driven by investor worries over its AI-related outlook, without going into extensive details.