Stock Track | Baidu Plummets 5% Intraday as AI Valuation Concerns Trigger Tech Sell-Off

Stock Track

07/02

Baidu's stock experienced a significant intraday decline of 5.00% during Thursday's trading session.

The sharp sell-off was driven by broader investor concerns over inflated valuations for artificial intelligence (AI) concept stocks. This sentiment triggered a downturn in the U.S. semiconductor sector, and the resulting panic quickly spread to Asia-Pacific markets, negatively affecting major technology and internet stocks like Baidu throughout the trading day.

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