Baidu Stock Drops After Earnings. What’s Worrying Markets.
1. BIDU stock fell 3% amid slowing advertising revenue concerns. 2. Second-quarter net income dropped 35% year-over-year to $669 million. 3. Advertising revenue fell 15% as competition increases from AI-focused rivals. 4. Non-advertising revenue rose 34% driven by AI Cloud business growth. 5. Analysts predict intense competition will continue to pressure advertising revenue.