Baidu Stock Skyrockets 11% Today: Here’s Why Investors Are Buzzing

Baidu shares ripped higher on massive volume—traders piled in as the Chinese tech giant unveiled breakthrough AI integrations that could reshape its revenue streams.

Wall Street's sudden love affair

Analysts scrambled to upgrade price targets after Baidu demonstrated AI-powered search enhancements that actually work—not just another 'blockchain solution' promised by legacy finance firms chasing trends.

The 11% surge signals something real: tangible tech execution beating empty crypto hype. For once, traditional equity markets moved faster than a degenerate meme coin pump.

Baidu's move proves old-school tech stocks can still deliver rocket fuel—without the rug pulls.

Bet on Baidu, says analyst

Well before market open,' Thomas Chong upped his price target on Baidu substantially. He now believes the company's ADRs could rise to $157 per ADR, where before he thought their ceiling was $108. In making the change, he maintained his buy recommendation on the company.

Image source: Getty Images.

According to reports, Chong is convinced that the artificial intelligence (AI) Baidu has embraced so fully and rapidly will have a very positive effect on its fundamentals.

He noted several positive developments in this area, specifically the company's success in partnering with large companies on AI cooperation, and its becoming a top earner of AI cloud revenue. Additionally, one factor that sets Baidu apart is that it's developing its own AI accelerator chip, the Kunlun.

One big bump

Chong's upbeat new take on Baidu might not have had as much of an impact on Wednesday if it hadn't been for a peer's recommendation upgrade the day before.

On Tuesday, Richard Kramer at Arete changed his rating on Baidu for the better. This is understating the case, as he moved it all the way up from sell to buy, tagging it with a price target of $143 per ADR.