![Investors Shy Away from Baidu as AI Stocks Like Microsoft Soar](https://metanews.com/wp-content/uploads/2024/03/3745955C-E7C9-4223-A439-47635990E936-300x169.jpeg)
Investors Shy Away from Baidu as AI Stocks Like Microsoft Soar
Baidu’s stock fell 8% despite AI progress, with Ernie Bot generating $91 million, or under 2% of revenue. High expectations and a Chinese equity rout impacted shares, trading below 10x forward earnings. Artificial intelligence stocks are highly sought after by