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Why Baidu Stock Plunged Today

TheMotleyFool 
0 0 18.08.26
Why Baidu Stock Plunged Today: https://g.foolcdn.com/editorial/images/883977/a-circuit-board-with-the-letters-ai-embossed-on-it.jpg
 

Shares of (NASDAQ: BIDU) fell sharply on Tuesday, falling as much as 11.6%. As of 11:32 a.m. ET, the stock was still down 11.4%.

The catalyst that sent the Chinese tech giant lower was news that its heavy investment in artificial intelligence (AI) isn't paying off quickly enough for Wall Street.

Image source: Getty Images.

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Source Fool.com

Baidu Inc. A ADR Stock

€79.60
1.150%
Baidu Inc. A ADR gained 1.150% today.
The stock is one of the favorites of our community with 33 Buy predictions and 4 Sell predictions.
As a result the target price of 139 € shows a very positive potential of 74.62% compared to the current price of 79.6 € for Baidu Inc. A ADR.
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