Baidu Stock Jumps Even as Earnings Miss Estimates. Here’s What to Like.

Text size

A growing cloud computing and artificial intelligence business at

Baidu

helped the Chinese tech giant weather a sales slowdown in its core business in the last quarter.

And it’s boosted the stock, too. Shares in Baidu (ticker: BIDU) surged 4% in the U.S. premarket Tuesday, outpacing a 0.6% fall in futures tracking the…