Baidu Option Alert: May 16 $85 Puts at the Bid: 10000 vs 1858 OI; Earnings 5/15 Before Open [est] 

Baidu Option Alert: May 16 $85 Puts at the Bid: 10000 @ $1.7 vs 1858 OI; Earnings 5/15 Before Open [est] Ref=$97.41

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Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

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Chamath Palihapitiya predice que Tesla y Waymo dominarán los robotaxis, dejando atrás a Uber y Lyft por la demanda de privacidad y autonomía.

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As U.S. President Donald Trump&nbsp;and&nbsp;Chinese President Xi Jinping&nbsp;break the ice with a phone call after months of silence, analysts weigh in on what&#8217;s in store for the U.S.-China trade.
What Happened: The U.S. and China have been at odds over trade for a considerable period. The call signifies some advancement in establishing ground rules for a potential meeting. Jeremy Chan, Senior China Analyst at the Eurasia Group consultancy, stated that this communication suggests a level of respect from President Trump towards President Xi, <a href="https://www.scmp.com/news/china/diplomacy/article/3313235/china-us-presidents-break-months-long-stand-phone-call?module=top_story&amp;pgtype=homepage">reported</a> The South China Morning Post.
However, analysts have noted that more than optimistic statements are required to resolve the deeply rooted trade differences between the two nations. Chan further noted that Xi typically consents to meetings with foreign leaders only after substantial groundwork has been laid through lower-level diplomatic efforts.
"Xi has bowed to reality,&nbsp;like so many other foreign&nbsp;leaders before him, that there&nbsp;is no substitute for direct&nbsp;negotiations with Trump," stated Chan, who is also a former U.S. diplomat.
On the other hand, ASPI&#8217;s Wendy Cutler highlighted the complexity of the upcoming trade talks and the challenges.
"The likelihood of further misunderstandings, coupled with a fundamental lack of trust, will present enormous challenges for the negotiators as they try to hammer out a deal," cautioned Cutler. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires" target="_blank" rel="noreferrer noopener">Elon Musk Loses $34 Billion As Tesla Sheds $153 Billion Amid Feud With Trump—Here&#8217;s How The Billionaire&#8217;s Fortune Has Fared So Far In 2025</a>
Why It Matters: This phone call comes in the wake of escalating trade tensions between the two countries. On Thursday, U.S. stocks<a href="https://www.benzinga.com/news/politics/25/06/45793852/trump-reaches-out-to-xi-as-markets-react-tensions-simmer"> dipped following</a> reports of a phone call between Presidents Donald Trump and Xi Jinping, signaling a possible thaw in China trade tensions. The outreach was said to have come from the U.S. side, as per CNBC, citing Chinese state media.
Earlier in May, President Trump had expressed his willingness to travel to China <a href="https://www.benzinga.com/media/25/05/45481159/donald-trump-offers-to-visit-xi-jinping-in-beijing-calls-us-china-ties-important-after-striking-temporary-trade-truce">to meet </a>with President Xi Jinping, emphasizing the importance of the U.S.-China relationship. 
In early May, the South China Morning Post reported that the U.S. and China are struggling to <a href="https://www.benzinga.com/news/global/25/05/45188171/china-pushes-for-special-envoys-as-direct-deal-with-trump-deemed-risky-plans-fentanyl-concessions-as-negotiating-leverage-report">resume trade talks</a>. China suggested using special envoys, but the U.S. prefers direct talks between Trump and Xi—a move China considers &#8220;risky and uncertain.&#8221;
This latest phone call could be seen as a step towards that potential meeting, and a move towards resolving the trade disputes.
Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) climbed 1.13% and 0.43%, respectively, on Thursday. Meanwhile,&nbsp;JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) declined 0.72%
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45790762/trumps-tariff-plan-could-cut-deficit-by-2-8-trillion-over-a-decade-but-not-without-" target="_blank" rel="noreferrer noopener">Trump&#8217;s Tariff Plan Could Cut Deficit By $2.8 Trillion Over A Decade — But Not Without Consequences, Warns CBO</a></li>
</ul>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Xi Has 'Bowed To Reality,' Says China Analyst, Urges More Engagement Between Leaders To Resolve Trade Issues: 'No Substitute For Direct Negotiations With Trump'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) are facing regulatory delays in launching their artificial intelligence partnership in China, as Beijing withholds approval amid complex U.S.-China trade dynamics. What Happened: The tech giants submitted multiple AI products co-developed for Apple Intelligence services to China&#8217;s Cyberspace Administration this year, but applications remain stalled due to increasing geopolitical uncertainties, <a href="https://www.ft.com/content/0c76f3c2-7213-42a5-8f30-b101b7616db0">reported</a> the Financial Times, citing sources.
Apple&#8217;s AI rollout delay comes as the company battles declining market share in China&#8217;s premium smartphone segment. International Data Corporation data shows Apple&#8217;s <a href="https://www.benzinga.com/25/05/45427189/tencent-says-it-has-enough-high-end-ai-chips-to-train-models-for-generations-after-trump-administration-bans-huawei-tech-anywhere-in-the-world">high-end market share dropped</a> from 70% in early 2023 to 47% in the first quarter of 2025, while Huawei Technologies climbed from 13% to 35%.
The partnership represents<a href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval"> Apple&#8217;s second attempt at AI integration</a> in China after its collaboration with Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) failed to meet expectations. 
China requires international companies to <a href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval">partner with domestic firms for AI services</a>, prompting Apple to team with Alibaba after exploring options including Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and ByteDance.
Apple and Alibaba did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45786854/magnificent-7-drive-54-of-market-cap-gains-in-sp-500-since-april-lows-the-market-cannot-survive-without-big-tech">Magnificent 7 Drive 54% Of Market Cap Gains In S&amp;P 500 Since April Lows: &#8216;The Market Cannot Survive Without Big Tech&#8217;</a>
Why It Matters: President Donald Trump&#8216;s trade policies have particularly impacted Apple, with threats of 25% tariffs on devices unless manufacturing returns to the U.S. Despite this pressure, Apple continues<a href="https://www.benzinga.com/news/global/25/05/45582261/despite-trumps-warning-to-tim-cook-apple-moves-ahead-with-1-5-billion-india-expansion-via-foxconn-to-boost-iphone-production-report"> expanding its India operations </a>through Foxconn with a $1.5 billion investment.
The CAC typically approves AI models through official testing and has cleared over 300 domestic models. However, US-related partnerships now face extended review periods requiring State Council approval, according to the report, which is engaged in ongoing trade negotiations.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Apple And Alibaba's AI Launch In China Delayed By US-China Trade Tensions And Regulatory Hurdles: Report

UBS Group expressed optimism <a href="https://www.benzinga.com/topic/chinese-stocks" target="_blank" rel="noreferrer noopener">about Chinese stocks</a>, citing the recent tariff pause with the U.S., potential stimulus measures from Beijing and attractive low valuations as key drivers.
UBS&#8217; stance coincided with a market sell-off in U.S. equities amid trade tensions, SCMP <a href="https://www.scmp.com/business/banking-finance/article/3312525/ubs-upbeat-china-stocks-citing-tariff-pause-us-and-potential-beijing-stimulus" target="_blank" rel="noreferrer noopener">reported</a> on Monday.
Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is considered a tech barometer of China. Other significant U.S.-listed Chinese stocks included Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), JD.Com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>).
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45703311/us-listed-chinese-stocks-drop-after-trump-renews-trade-tensions" target="_blank" rel="noreferrer noopener">US Listed Chinese Stocks Drop After Trump Renews Trade Tensions</a>
Neil Hosie of UBS said Beijing&#8217;s economic policy measures in September and the emergence of artificial intelligence start-up DeepSeek&#8217;s affordable models sparked global investor interest in China equities, slowly translating into more significant fund flows.
Hosie said a 90-day tariff truce and Beijing&#8217;s hopes for domestic stimulus have translated into higher inflows into China&#8217;s markets.
Additionally, Hosie said Hong Kong&#8217;s resurgent initial public offering (IPO) market was a positive driver.
Meanwhile, Hosie said U.S. stocks were overvalued, citing the Nasdaq&#8217;s P/E of 31.70x, compared to Hong Kong&#8217;s benchmark Hang Seng Index at 10.86x and Shanghai&#8217;s main board at 15.60x, as per Bloomberg data.
Mainland Chinese households held 160 trillion yuan ($22 trillion) in cash, mostly invested in bank time deposits and about a third of it could flow into stock markets in Hong Kong as lower interest rates drive demand for riskier assets, SCMP <a href="https://www.scmp.com/business/china-business/article/3312751/chinese-households-set-buy-another-us100-billion-hong-kong-stocks-hsbc-says" target="_blank" rel="noreferrer noopener">reported</a> on Monday, citing HSBC.
Herald van der Linde, head of HSBC Asia-Pacific equity research, told SCMP that close to 50 trillion yuan, deemed excess savings over the COVID-19 pandemic years, will find their way back into local and offshore equity markets.
HSBC said Chinese investors channeled $80 billion in net inflows into Hong Kong stocks through Stock Connect&#8217;s southbound channel in 2025. At the current rate, they could funnel more excess savings to drive purchases to $180 billion by the end of the year.
HSBC said most of the cash flowing into Hong Kong&#8217;s stock market had gone into high-growth sectors such as internet firms, electric vehicle (EV) makers, and other high-yielding companies like Tencent Holdings and Alibaba.
BABA Price Actions: BABA stock is up 0.76% at $114.70 at publication on Monday.
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China Stocks Get Boost As UBS, HSBC Cite Stimulus Hopes, Tariff Truce, Low Valuations

China has refuted U.S. President Donald Trump&#8216;s claims of breaching the Geneva trade agreement, labeling them as unfounded. 
What Happened: On Monday, China's Commerce Ministry rejected Trump's accusations that Beijing had breached the Geneva trade agreement. The ministry confirmed that China had implemented and consistently upheld the agreement reached in Geneva last month, <a href="https://english.news.cn/20250602/ebecebe8437e464da4723ebd20a5e72b/c.html">reported </a>Xinhua News.
The Chinese government stated that the U.S. had &#8220;groundlessly&#8221; accused the nation of breaching the trade deal and pledged to take aggressive measures to protect its interests.
Trump had accused China of breaching a bilateral deal to reduce tariffs. The ministry countered, stating that the U.S. had imposed several &#8220;discriminatory restrictive&#8221; measures against China, such as restricting AI chip exports, banning the sale of chip design software to China and revoking visas for Chinese students. 
&#8220;The U.S. government has unilaterally and repeatedly provoked new economic and trade frictions, exacerbating uncertainty and instability in bilateral economic and trade relations,&#8221; the ministry stated. 
SEE ALSO: <a href="https://benzinga.com/cannabis/25/05/45691518/110m-wiped-out-bitcoin-whale-trader-gets-burned-as-btc-tags-104150" target="_blank" rel="noreferrer noopener">$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150 &#8211; Benzinga</a>
Why It Matters: This recent dispute follows a series of events that have strained U.S.-China trade relations. On Friday, President Trump accused China of violating an agreement to ease tariffs. Analysts suggest China&#8217;s delay in approving rare earth export licenses, over which it holds strategic control, may have fueled Trump&#8217;s anger, even though he didn&#8217;t directly mention them in his accusations, reported the South China Morning Post.
Following the development. the U.S.-listed Chinese stocks, including Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45703311/us-listed-chinese-stocks-drop-after-trump-renews-trade-tensions">dropped</a> 2.95% and 2.85%, respectively.
A day prior to that, China called on the U.S. to completely <a href="https://www.benzinga.com/markets/25/05/45664337/china-tells-us-to-entirely-revoke-wrongful-unilateral-tariffs-after-court-blocks-trumps-liberation-day-levies">withdraw </a>the unilateral tariff measures when a U.S. federal court blocked Trump tariffs which have now been temporarily reinstated.
Meanwhile, U.S. Treasury Secretary Scott Bessent indicated that trade negotiations between the two countries had reached a <a href="https://www.benzinga.com/25/05/45685544/scott-bessent-says-us-china-trade-talks-at-stalemate-need-trump-and-xi-jinping-touch-to-break-the-deadlock">stalemate</a>. On Sunday, Bessent stated in an interview with CBS news that he is confident President Trump and Chinese President Xi Jinping would meet &#8220;soon&#8221; and iron out the differences. 
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/cannabis/25/06/45714198/elon-musks-kekius-maximus-gameplay-sends-these-namesake-coins-surging" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s &#8216;Kekius Maximus&#8217; Gameplay Sends These Namesake Coins Surging &#8211; Benzinga</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Xi Jinping's China Dismisses Trump's 'Groundless' Accusations On Geneva Trade Deal Breach, Vows Strong Retaliation

Billionaire investor Chamath Palihapitiya predicts Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Robotaxi and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo will dominate the autonomous vehicle market, potentially sidelining ride-hailing giants Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>) and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
What Happened: In a Sunday post on X, Palihapitiya argued that consumer preference for driverless rides stems from privacy concerns rather than just cost considerations. &#8220;This is less about Uber or Lyft and more about a desire to ride alone without a person you don&#8217;t know who can overhear conversations or interrupt quiet contemplation,&#8221; he wrote.
The Social Capital founder emphasized that autonomous technology represents &#8220;the experience of the future,&#8221; questioning whether existing ride-hailing apps can provide sufficient value once driverless options become widespread. He sees Tesla positioned for &#8220;an obvious win&#8221; as the company scales its autonomous capabilities.
Palihapitiya&#8217;s comments followed data showing Waymo&#8217;s market penetration in San Francisco. According to YipitData, Waymo&#8217;s market share surged from nearly 0% in August 2023 to approximately 27% by April, overtaking Lyft&#8217;s 22% share while Uber maintained its lead at 53%.
He predicted neither company would have &#8220;deep incentive to work with other apps&#8221; once they understand consumer preferences for driverless over traditional ride-hailing.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is less about Uber or Lyft and more about a desire to ride alone without a person you don't know who can overhear conversations or interrupt quiet contemplation. Driverless is the experience of the future. The question is if the Uber or Lyft apps can provide enough… <a href="https://t.co/ouZBUPFtvX">https://t.co/ouZBUPFtvX</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1929290467008819289?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45713715/dow-futures-slip-over-100-points-after-trump-announces-doubling-steel-tariffs-nikkei-down">Dow Futures Slip Over 100 Points After Trump Announces Doubling Steel Tariffs, Nikkei Down</a>
Why It Matters: Tesla plans to launch its robotaxi service in Austin on June 12, starting with 10-20 Model Y vehicles equipped with Full Self-Driving technology and remote supervision. However, The Future Fund&#8216;s Gary Black dismissed the launch as posing <a href="https://www.benzinga.com/tech/25/05/45687704/gary-black-says-teslas-robotaxi-launch-in-june-poses-minimal-risk-to-uber-will-offer-low-cost">minimal risk to Uber&#8217;s business model</a>.
The autonomous vehicle race intensifies as Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) expands its Apollo Go service internationally, providing 1.4 million rides in the first quarter of 2025 across 15 cities globally. With over 1,000 fully driverless vehicles deployed, Baidu positions itself as the world&#8217;s <a href="https://www.benzinga.com/markets/equities/25/05/45557944/baidus-apollo-go-enters-dubai-and-abu-dhabi-ceo-robin-li-touts-global-robotaxi-lead-with-1-4-million-rides-in-q1">leading autonomous ride-hailing provider</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ken Wolter / Shutterstock.com

Chamath Palihapitiya Calls Tesla An 'Obvious Win,' Says Robotaxi, Alphabet's Waymo Will Overtake Uber And Lyft

<a target="_blank" href="https://www.benzinga.com/topic/chinese-stocks" rel="noreferrer noopener">US-listed Chinese stocks</a> Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>),&nbsp;PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), and&nbsp;Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) declined on Friday after U.S. President&nbsp;Donald Trump&nbsp;accused China of violating an agreement with the U.S. to ease tariffs in his Truth Social <a target="_blank" href="https://truthsocial.com/@realDonaldTrump/posts/114596705340367716" rel="noreferrer noopener">post</a>.
However, President Trump did not mention specifically how China violated the deal.
Chinese electric vehicle companies, including&nbsp;NIO Inc&nbsp;(NYSE:&nbsp;NIO) and&nbsp;XPeng Inc&nbsp;(NYSE:&nbsp;XPEV), also traded lower on Friday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45692725/alibaba-and-baidu-turn-to-chinese-ai-chips-as-us-sanctions-squeeze-nvidia-supply" rel="noreferrer noopener">Alibaba And Baidu Turn To Chinese AI Chips As US Sanctions Squeeze Nvidia Supply</a>
On May 12, Beijing and Washington&nbsp;had agreed to lower&nbsp;tariffs on each other's products, temporarily offering relief to the stock market. The deal reduced U.S. levies of 145% on most Chinese imports to 30%, while China's 125% duties on U.S. goods will drop to 10% for 90 days.
On Wednesday, a&nbsp;federal court had <a target="_blank" href="https://www.benzinga.com/government/regulations/25/05/45676270/chinese-stocks-soar-as-us-court-blocks-trump-tariffs" rel="noreferrer noopener">invalidated&nbsp;global tariffs</a> enacted by Trump under the International Emergency Economic Powers Act.
A three-judge panel, with appointees from the Reagan, Obama, and Trump eras, ruled that the IEEPA doesn't give the president unlimited power to impose tariffs.
However, the order was appealed, and on Thursday, the federal appeals court in Washington reinstated the tariffs on foreign imports.
"The request for an immediate administrative stay is granted to the extent that the judgments and the permanent injunctions entered by the Court of International Trade in these cases are temporarily stayed until further notice while this court considers the motions papers," the order stated,
Price Actions:&nbsp;BABA stock is down 2.88% at $113.81 at last check Friday. PDD is down 1.34%, BIDU is down 2.41.
Read Next:
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US Listed Chinese Stocks Drop After Trump Renews Trade Tensions

WIIM

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XPEV

Shares of US-listed Chinese stocks are trading lower after President Trump said china has violated its agreement with the US. Additionally, a federal appeals court on Thursday temporarily reinstated most of the tariffs imposed by Trump.

China&#8217;s leading technology companies, including Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) have begun switching to <a href="https://www.benzinga.com/topic/chip-stocks" target="_blank" rel="noreferrer noopener">homegrown chips to</a> develop artificial intelligence as the dwindling stockpile of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) processors and U.S. export controls erode their ambitions.
Growing geopolitical tensions with China led Donald Trump&#8217;s administration to clamp down on sales of Nvidia&#8217;s H20 in April, prompting the companies to step up contingency planning, the Financial Times <a target="_blank" href="https://www.ft.com/content/bb1315e8-27df-4a93-a4dc-11e2883fdde3" rel="noreferrer noopener">reported</a> on Thursday, citing unnamed sources familiar with the matter.
Uncertainties mount over Nvidia&#8217;s ability to offer a new processor for China that is compliant with Trump&#8217;s export rules and competitive against domestic rivals.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/25/05/45673288/when-nvidia-wins-broadcom-climbs-ai-boom-sends-chip-stocks-soaring" rel="noreferrer noopener">When Nvidia Wins, Broadcom Climbs: AI Boom Sends Chip Stocks Soaring</a>
New chip orders typically take three to six months to ship.
Shen Dou, head of Baidu&#8217;s AI cloud group, expressed optimism during an analyst call, saying that domestically developed self-sufficient chips and homegrown software stacks will gradually replace Nvidia.
Alibaba chief Eddie Wu, in an earnings call, talked about actively exploring diversified solutions to meet demand.
China Institutes of Contemporary International Relations&#8217; social media post quoted domestic entities in China as having already begun large-scale procurement and use of Ascend chips.
Most companies are considering a hybrid approach, with AI training continuing to run on existing Nvidia chips while adopting local processors for inference.
Analysts at GF Securities told the Financial Times that they expect Nvidia to start producing its next chips for China by early July.
Nvidia said it had incurred a <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong" target="_blank" rel="noreferrer noopener">$4.5 billion charge</a> in the first quarter related to H20 excess inventory and purchase obligations. H20 product sales were $4.6 billion for the first quarter before the new export licensing requirements.
<a href="https://www.benzinga.com/25/04/44963176/chinese-tech-firms-led-by-alibaba-hoard-nvidia-ai-chips-amid-us-sanctions" target="_blank" rel="noreferrer noopener">Chinese companies, including</a> ByteDance, Alibaba and Tencent, hoarded Nvidia&#8217;s H20 AI chips amid US sanctions. They aimed to snap up one million H20s before the latest US semiconductor sanctions. The companies reportedly placed over $16 billion in orders for the quarter. 
Reportedly, Nvidia bagged $18 billion of H20 orders since 2025.
China generated $17 billion in revenue in fiscal 2024, accounting for 13% of Nvidia&#8217;s total sales.
Price Actions: At the last check on Friday, NVDA stock was down 0.06% at $139.10. BABA is down 0.84%.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/05/45689336/dell-nvidia-to-build-next-gen-supercomputer-for-us-energy-department" target="_blank" rel="noreferrer noopener">Dell, Nvidia To Build Next-Gen Supercomputer For US Energy Department</a></li>
</ul>
Photo: Shutterstock

Regulations

Media

Alibaba And Baidu Turn To Chinese AI Chips As US Sanctions Squeeze Nvidia Supply

Shares of US listed Chinese stocks led are trading higher after a federal court invalidated global tariffs enacted by President Donald Trump under the International Emergency Economic Powers Act on Wednesday.

U.S.-listed Chinese stocks&nbsp;led by&nbsp;Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>),&nbsp;PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), and&nbsp;Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)&nbsp;gained on Thursday after a <a target="_blank" href="https://www.benzinga.com/25/05/45664572/us-stocks-likely-to-open-higher-after-federal-court-invalidates-trumps-tariffs-without-tariff-revenues-there-is-a-big-beautiful-hole-in-the-big-beautiful-budget-bill-says-expert" rel="noreferrer noopener">federal court invalidated</a> global tariffs&nbsp;enacted by President&nbsp;Donald Trump under the International Emergency Economic Powers Act on Wednesday.
A three-judge panel, with appointees from the Reagan, Obama and Trump eras, ruled that the IEEPA doesn&#8217;t give the president unlimited power to impose tariffs.
Reportedly, the Trump administration filed an appeal against the ruling in minutes.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45620670/alibaba-eyes-growth-in-other-markets-as-us-ties-strained-says-chairman" rel="noreferrer noopener">Alibaba Eyes Growth In Other Markets As US Ties Strained, Says Chairman</a>
The Chinese electric vehicle companies, including&nbsp;NIO Inc&nbsp;(NYSE:&nbsp;NIO) and XPeng Inc (NYSE: XPEV), also noted strong upward momentum.
On May 12, Beijing and Washington <a target="_blank" href="https://www.benzinga.com/government/regulations/25/05/45348699/us-listed-chinese-stocks-rally-as-countries-agree-to-ease-import-tariffs" rel="noreferrer noopener">agreed to lower</a> tariffs on each other&#8217;s products, temporarily offering relief to the stock market. The deal reduced U.S. levies of 145% on most Chinese imports to 30%, while China&#8217;s 125% duties on U.S. goods will drop to 10% for 90 days.
In April, President Trump&nbsp;hinted at a&nbsp;significant&nbsp;reduction in&nbsp;tariff rates.
During an investor summit, Treasury Secretary Scott Bessent&nbsp;acknowledged the impracticability and mutual challenges of a tariff war with China.
U.S. chip designer Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong" rel="noreferrer noopener">first-quarter results</a> on Wednesday. It faced an export ban on H20 products to China on April 9.
The company said it incurred a $4.5 billion charge in the first quarter related to H20 excess inventory and purchase obligations.
Price Actions:&nbsp;BABA stock is up 0.50%, and PDD is up 1.20%&nbsp;at&nbsp;the last check Thursday.
Read Next:
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</ul>

Asia

Movers

Chinese Stocks Soar As US Court Blocks Trump Tariffs

Editor&#8217;s note: This article has been updated to reflect that Baidu&#8217;s robotaxi operations now cover 15 cities globally.
<a href="https://www.benzinga.com/topic/elon-musk">Elon Musk</a> has promised robotaxis every year since 2016 &#8211; and now, the latest vow is that Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will launch a fleet in Austin, Texas, by June. But while Tesla talks a big game, it is Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and Baidu Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) Apollo Go that are clocking miles and making money (or at least, showing a clear path to it).
<h2 class="wp-block-heading">Waymo's Mileage Speaks Louder Than Musk's Words</h2>
Alphabet&#8217;s Waymo recently crossed a massive milestone: 10 million paid robotaxi rides—double what it achieved five months ago.
With 250,000 weekly trips across San Francisco, Phoenix, Austin and Los Angeles, Waymo's service isn't in beta anymore—it's in people's daily lives.
While it's still not profitable, Waymo's infrastructure is bankrolled by Alphabet's deep pockets and growing investor confidence that it's just a matter of time before it becomes profitable.
Read Also: <a href="https://benzinga.com/tech/25/05/45512512/tesla-robotaxi-rival-waymo-announces-california-expansion-as-autonomous-taxi-race-heats-up">Tesla Robotaxi Rival Waymo Announces California Expansion As Autonomous Taxi Race Heats Up</a>
<h2 class="wp-block-heading">Baidu's Apollo Go Looks Beyond China</h2>
Over in China, Baidu isn't just playing catch-up—it's scaling fast. Apollo Go gave 1.4 million rides in the first quarter alone, is fully autonomous across 15 cities globally, and recently started testing in Dubai and Hong Kong.
Baidu's robotaxi operation has logged 11 million rides and now wants a piece of Europe, too. CEO Robin Li says Apollo Go is on a "clear path to profitability"—a claim that's not as speculative as it sounds given falling hardware costs and partnerships like the one with Chinese rental giant CAR.
<h2 class="wp-block-heading">Tesla's Turn—Or Another Detour?</h2>
Meanwhile, Tesla is gearing up for a limited robotaxi rollout in Austin—just 10 vehicles, all Model Ys running the upcoming "FSD Unsupervised" software. 
Musk has said that if this goes well, they'll scale quickly across LA and San Francisco. But even his supporters know the drill: the tech isn't there yet, and Tesla still requires human supervision. 
There's hope for a near-term stock pop, but few believe this will move the revenue needle meaningfully anytime soon.
Waymo and Apollo Go are already playing the Robotaxi endgame, while Tesla is still drawing up the board. Investors looking for substance over sound bites may want to look past the hype and focus on the players already on the road.
Read Also: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45612556/tesla-autonomous-driving-rival-pony-ai-to-expand-robotaxi-fleet-into-dubai-following-agreement-with-regulators">Tesla Autonomous Driving Rival Pony AI To Expand Robotaxi Fleet Into Dubai Following Agreement With Regulators</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Tesla Talks Big, While Alphabet And Baidu Surge Ahead In Robotaxi Race (CORRECTED)

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) autonomous driving service Waymo's CEO, Tekedra Mawakana, has shared her thoughts on the LiDAR vs Camera-based system debate for autonomous driving.
What Happened: "Asking people to put their children, their families in a Waymo vehicle without a human behind the wheel is a brand new product category," she said in an interview with CNBC <a href="https://www.cnbc.com/video/2025/05/21/waymo-co-ceo-on-10m-driverless-rides-and-teslas-robotaxis.html">on</a> Thursday.
She then said that therefore Waymo has no reason to eliminate aspects that make the experience safer for the passenger. She also outlined that Waymo's focus lies on safety and then cost, rather than it being the other way round.
When asked whether she thinks Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) camera-based approach is less safe, she said, "You have to be able to see at night. You have to be able to have this vision that&#8217;s better than humans," She said, touting LiDAR&#8217;s better capabilities in low-light conditions.
Mawakana also said that Waymo has taken a "belt and suspenders" approach where the company asks passengers to "relax and unwind" in the backseat and not take over the wheel during a critical moment.
The CEO also said that Waymo wanted competitors to enter the space with safety as their priority. "We have a healthy worry about who the company is," she said because there can "always be an overreaction from the public."
Why It Matters: The news comes in as Waymo recently announced the company reached the<a href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight"> ten million paid autonomous rides</a> milestone, doubling the number from five million in five months.
However, the company still isn't<a href="https://www.benzinga.com/25/05/45559524/gary-black-calls-tesla-rival-baidus-apollo-go-autonomous-ride-leader-following-eleven-million-paid-robotaxi-rides-milestone"> the global leader</a> in terms of autonomous driving as Chinese tech giant Baidu Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) Apollo Go completed 11 million paid trips, the company shared at its Q1 Earnings call.
Elsewhere, Tesla CEO Elon Musk has said that the company's Robotaxi launch in Austin is set for <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">a late June debut</a> with over 10 cars in the first week, which could be ramped up to 1,000 in a couple of months.
Price Action: GOOGL declined 1.47% in Pre-Market trading, valued at $168.36, according to<a href="http://pro.benzinga.com"> Benzinga Pro</a> data.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45535283/elon-musk-brushes-off-potential-tesla-uber-deal-believes-owners-could-add-their-cars-to-ev-giants-autonomous-fleet-instead">Elon Musk Brushes Off Potential Tesla-Uber Deal, Believes Owners Could Add Their Cars To EV Giant&#8217;s Autonomous Fleet Instead</a></li>
</ul>
Image Via Shutterstock

Waymo CEO Takes Aim At Tesla's Camera-Only Approach: 'You Have To Be Able To Have This Vision That's Better Than Humans'

On Thursday, Cathie Wood-led Ark Invest made significant trades involving Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>). 
The investment firm sold shares of the Jack Dorsey-led company through its ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) while acquiring shares of Baidu through the ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>).
The Block Trade
Ark Invest executed a substantial sale of Block shares on Thursday, offloading 25,283 shares through ARKW. The sale of shares, at the latest closing price of $58.35, was valued at $1.5 million. The stock spiked 5.25% for the day, as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hit a fresh all-time high of $111,970.17 on Thursday.
This move follows a <a href="https://www.benzinga.com/25/05/45459884/cathie-woods-block-sale-ark-sells-bitcoin-play-see-what-shes-buying-instead">previous sale of 9,078 shares</a> of the Bitcoin-focused company last week. The company&#8217;s recent quarterly earnings report indicates that it fell short of expectations. Earnings per share came in at 56 cents, missing the consensus of 87 cents. 
The Baidu Trade
Ark Invest&#8217;s acquisition of Baidu shares on Thursday marks a notable addition to its ARKQ. The firm purchased 5,694 shares of the Chinese e-commerce giant. On Thursday, Baidu shares ended the day at $84.07, valuing the purchase at $478,694.
Baidu&#8217;s Apollo Go service recently achieved a milestone of eleven million paid autonomous rides, positioning it as a leader in the autonomous ride-hailing industry.
Gary Black, Managing Director of Future Fund LLC, praised Baidu&#8217;s Apollo Go as the &#8220;<a href="https://www.benzinga.com/25/05/45559524/gary-black-calls-tesla-rival-baidus-apollo-go-autonomous-ride-leader-following-eleven-million-paid-robotaxi-rides-milestone">world&#8217;s autonomous ride-hailing leader</a>.&#8221; This endorsement underscores the potential growth and innovation within Baidu&#8217;s autonomous driving division. Ark&#8217;s investment in Baidu reflects its confidence in the company&#8217;s ability to capitalize on the growing demand for autonomous transportation solutions.
Other Key Trades:
<ul class="wp-block-list">
<li>Sold 100 shares of UiPath Inc. (PATH) through ARKF.</li>
<li>Bought 59,461 shares of Nextdoor Holdings Inc. (KIND) through ARKW.</li>
<li>Bought 79,135 shares of Blade Air Mobility Inc. (BLDE) through ARKX.</li>
</ul>
Benzinga Edge Stock Rankings indicates Baidu stock has a Momentum in the 34th percentile and Growth in the 89th percentile. Here is how the Chinese company <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">fares against</a> other robot taxi players like Tesla.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="432" height="276" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22212837/Screenshot-2025-05-23-at-10.28.23.png" alt="" class="wp-image-925212" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22212837/Screenshot-2025-05-23-at-10.28.23.png 432w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22212837/Screenshot-2025-05-23-at-10.28.23-300x192.png 300w" sizes="(max-width: 432px) 100vw, 432px" /></figure>
Photo Courtesy: viewimage on Shutterstock.com
Read Next: 
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<li><a href="https://benzinga.com/markets/25/05/45539686/kevin-oleary-warns-trumps-big-beautiful-bill-could-be-devastating-for-small-businesses-somebodys-got-to-r" target="_blank" rel="noreferrer noopener">Kevin O&#8217;Leary Warns Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Could Be &#8216;Devastating&#8217; For Small Businesses: &#8216;Somebody&#8217;s Got To Raise The Red Flag&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood Dumps Block Shares As Bitcoin Hits Fresh All-Time High, Buys Baidu Amid Robot Car Buzz

Benchmark analyst Fawne Jiang lowered the price forecast for Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) from $130 to $120 while keeping a price <a target="_blank" href="https://www.benzinga.com/quote/BIDU/analyst-ratings" rel="noreferrer noopener">forecast of a Buy rating</a>.
On Wednesday, the company reported fiscal first-quarter revenue of $4.47 billion, up 3% year over year, topping the analyst consensus <a href="https://www.benzinga.com/news/earnings/25/05/45542202/china-based-baidu-burns-1-2-billion-to-fuel-ai-cloud-growth" target="_blank" rel="noreferrer noopener">estimate of $4.30 billion</a>. 
Adjusted earnings per ADS&nbsp;of $2.55 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a>&nbsp;of $1.96.
The analyst writes that Baidu's first quarter results were strong, and AI Cloud was a standout, growing 42% year over year and delivering margins that outperformed key peers.
Jiang writes that, despite some expected variability tied to project-based revenue, the solid performance has led them to raise the full-year cloud forecast to 25% (from 20% prior), with room for further upside.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45559524/gary-black-calls-tesla-rival-baidus-apollo-go-autonomous-ride-leader-following-eleven-million-paid-robotaxi-rides-milestone" rel="noreferrer noopener">Gary Black Calls Tesla Rival Baidu&#8217;s Apollo Go &#8216;Autonomous Ride Hailing Leader&#8217; Following Eleven Million Paid Robotaxi Rides Milestone</a>
Also, generative AI (GenAI) search is gaining traction faster than anticipated, adds the analyst.
Jiang views management&#8217;s target of over 50% of search queries to be powered by GenAI by mid-year as both a strategic and responsive shift.
Baidu's GenAI-driven search represents a significant departure from traditional models, with promising long-term potential, says the analyst.
Given ongoing uncertainty around monetization timing and effectiveness, the analyst revised the FY25 core advertising revenue forecast to -8% year-over-year (from flat) and adjusted the EPS estimates.
Investors can gain exposure to the stock via&nbsp;MicroSectors FANG ETNs due January 8, 2038 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNGS#NYSE">FNGS</a>) and Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: BIDU shares are down 1.23% at $84.43&nbsp;at the last check on Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45557944/baidus-apollo-go-enters-dubai-and-abu-dhabi-ceo-robin-li-touts-global-robotaxi-lead-with-1-4-million-rides-in-q1" target="_blank" rel="noreferrer noopener">Baidu&#8217;s Apollo Go Enters Dubai And Abu Dhabi, CEO Robin Li Touts Global Robotaxi Lead With 1.4 Million Rides In Q1</a></li>
</ul>
Photo: Shutterstock

Price Target

Reiteration

FNGS

PowerShares Golden Dragon Halter USX China Portfolio

Baidu's GenAI Search Accelerates, Analyst Cites Strong Cloud Growth But Lowers FY25 Ad Forecast

Citigroup analyst Alicia Yap maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Buy and lowers the price target from $139 to $138.

Citigroup Maintains Buy on Baidu, Lowers Price Target to $138

Barclays analyst Jiong Shao maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Equal-Weight and lowers the price target from $90 to $84.

Barclays Maintains Equal-Weight on Baidu, Lowers Price Target to $84

Benchmark analyst Fawne Jiang maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Buy and lowers the price target from $130 to $120.

Benchmark Maintains Buy on Baidu, Lowers Price Target to $120

Baidu's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NYSE">BIDU</a>) short percent of float has fallen 4.01% since its last report. The company recently reported that it has 7.89 million shares sold short, which is 2.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.41 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Baidu Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747918822_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Baidu has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Baidu's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Baidu's peer group average for short interest as a percentage of float is 8.05%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Is the Market Bullish or Bearish on Baidu?

Future Fund LLC's Managing Director, Gary Black, called Baidu Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) autonomous taxi service, Apollo Go, the "world's autonomous ride-hailing leader" as it reached the eleven million paid rides milestone.
What Happened: "$BIDU‘s Apollo Go autonomous ride hailing business has now completed 11 million paid autonomous rides," Black said in a post on social media platform X on Wednesday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BIDU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BIDU</a> ‘s Apollo Go autonomous ride hailing business has now completed 11 million paid autonomous rides, making it the world's autonomous ride hailing leader. For context <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a> ‘s Waymo has now completed 10M paid autonomous rides, while <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> has completed zero. In 1Q, Apollo Go…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1925167125196317082?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
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Black then set the context and drew parallels with services like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). "In 1Q, Apollo Go expanded its driverless ride-hailing business into Dubai and Abu Dhabi," he said, highlighting the company's growth.
He also shared updates from the company's Q1 earnings release and how Apollo will provide fully autonomous rental services in China. The company also completed 1.4 million rides in Q1 2025.
Why It Matters: The news comes in as Baidu CEO Robin Li touted the <a href="https://www.benzinga.com/markets/equities/25/05/45557944/baidus-apollo-go-enters-dubai-and-abu-dhabi-ceo-robin-li-touts-global-robotaxi-lead-with-1-4-million-rides-in-q1">Apollo Go's robotaxi prowess </a>at the company's earnings call. With the Dubai and Abu Dhabi expansion, the service operates in over 15 cities globally.
"With over 1,000 fully driverless vehicles now deployed globally, we continue to solidify our position as the world's leading autonomous ride-hailing service provider," Li shared at the earnings call.
Elsewhere, Waymo recently announced it reached the ten million paid autonomous rides mark, doubling its total in a period of 5 months. The figure includes rides from cities like Phoenix, Los Angeles, and Austin.
Waymo has had a substantial lead over rivals like Tesla and Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox, as the company had also previously shared it reached <a href="https://www.benzinga.com/25/04/45001569/waymo-announces-250000-weekly-paid-rides-across-four-us-cities-sundar-pichai-says-personal-ownership-an-option-in-the-future">250,000 weekly rides</a>.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="201" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-1024x201.jpg" alt="" class="wp-image-923974" style="width:919px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-1024x201.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-768x151.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025-1536x302.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22041947/BIDU-MAY-22-2025.jpg 1657w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
BIDU scores well on Value and Growth metrics, has a satisfactory Momentum rating, but scores poorly on the Quality metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Robert Way / Shutterstock.com

AMZN

Gary Black Calls Tesla Rival Baidu's Apollo Go 'Autonomous Ride Hailing Leader' Following Eleven Million Paid Robotaxi Rides Milestone

Chinese tech giant Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) said Tuesday it has entered the Dubai and Abu Dhabi markets with its Apollo Go autonomous ride-hailing service, marking a significant expansion into higher-priced international markets.
What Happened: The Beijing-based company began open road validation testing in Dubai in May and expects to start testing in Abu Dhabi soon, CEO Robin Li said during the company&#8217;s first-quarter earnings call.
&#8220;With over 1,000 fully driverless vehicles now deployed globally, we continue to solidify our position as world&#8217;s leading autonomous ride-hailing service provider,&#8221; Li said.
Apollo Go now operates in 15 cities globally and provided 1.4 million rides in the first quarter, a 75% increase from the same period last year. Cumulative rides have exceeded 11 million as of May.
Baidu&#8217;s RT6 vehicle, described as the world&#8217;s first mass-produced Level 4 autonomous vehicle designed for driverless operations, has a unit cost below $30,000. 
See Also: <a href="https://www.benzinga.com/25/05/45556607/bitcoin-clocks-110000-ethereum-dogecoin-extend-gains-experienced-trader-peter-brandt-speculates-btc-to-enter-this-range-by-august-end">Bitcoin Clocks $110,000, Ethereum, Dogecoin Extend Gains: Well-Known Trader Peter Brandt Says BTC Could Gain Another 37% As Soon As August</a>
Why It Matters: Baidu has invested in technology for over 12 years and positions itself among the first companies to operate autonomous ride-hailing at scale.
Beyond geographic expansion, Baidu is exploring partnerships. In May, it partnered with CAR Inc., China&#8217;s leading auto rental provider, for autonomous vehicle rental services.
The robotaxi expansion supports Baidu&#8217;s broader AI strategy. The company reported first-quarter revenue of $4.51 billion, beating estimates, with AI Cloud business growing 42% year-over-year to $6.7 billion.
Price Actions: Baidu Inc.&#8217;s stock closed at $85.48 on Tuesday, down 4.32% for the day. In after-hours trading, the stock edged down 0.11% to $85.39. Year to date, Baidu shares have gained 3.36%.
Baidu&#8217;s Apollo Go competes with several U.S.-listed autonomous driving and robotaxi players, including Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with its anticipated robotaxi service, and Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox.
Baidu shows a positive medium-term price trend, but the stock has turned negative in both the short and long term. According to Benzinga Edge Stock Ranking, the stock scores well on growth and valuation metrics, but underperforms on quality. For <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">a deeper breakdown</a>, visit Benzinga Edge Stock Ranking.
Image Via Shutterstock 
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Baidu's Apollo Go Enters Dubai And Abu Dhabi, CEO Robin Li Touts Global Robotaxi Lead With 1.4 Million Rides In Q1

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