Why Baidu Stock Soared Higher Today
Shares of (NASDAQ: BIDU) are climbing on Monday. The company's stock gained 9.8% as of market close and was up as much as 9.9% earlier in the day. The strong performance comes as the S 500 lost 0.2% and the Nasdaq Composite fell 0.4%.
The Chinese tech giant announced the launch of two new powerful artificial intelligence (AI) models.
Baidu announced on Sunday that it has released two new AI models: ERNIE 4.5 and ERNIE X1. The company stated that X1 delivers "the same performance as DeepSeek R1 at only half the price." That's a big deal as DeepSeek's R1, a rival Chinese model, rocked markets earlier this year when it was reported to have been trained for a small fraction of the price of its American counterparts.
Source Fool.com
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