Baidu Stock Is Surging: What's Driving The Action?

Baidu Inc (NASDAQ:BIDU) shares are surging, up 5.45% to $133.72, driven by optimism around its autonomous-driving ambitions, particularly the Apollo Go robotaxi unit, which is handling 250,000 rides weekly. The service has logged over 140 million driverless miles with a strong safety record. International expansion plans, including partnerships with Uber and Lyft for self-driving taxis in London, further bolster sentiment. Investors are pricing in the potential of Baidu's autonomous ecosystem, despite a lack of new company-specific news. Key support is noted at $121.94, with macroeconomic factors influencing performance.