Q2 STOCKS TO BUY

Options Traders Blast Baidu Stock After AI Bot Reveal

BIDU carries a more than 14% year-over-year deficit

Digital Content Manager
Mar 16, 2023 at 10:10 AM
facebook X logo linkedin


Baidu Inc (NASDAQ:BIDU) is throwing its hat in the artificial intelligence (AI) ring with Ernie Bot, a software similar to OpenAI's ChatGPT. The product's language and math skills have so far failed to impress, however, after the tech concern featured only a pre-recorded demonstration during its unveiling instead of interacting with it in real time. CEO Robin Lee said high demand prompted the company to introduce the bot before all kinks are worked out, but 650 companies are already signed up to use it.

Last seen up 0.2% to trade at $133.35, BIDU earlier slipped below long-term support at the 80-day moving average. The security has pulled back from its Feb. 7, one-year high of $160.88, and yesterday snapped a three-day win streak. Baidu stock now carries a 14.6% year-over-year deficit.

The brokerage bunch remains firmly bullish toward the security, with 11 of the 13 analysts in question calling it a "strong buy," while the 12-month consensus target price of $179.59 is a 37.6% premium to current levels.

Drilling down to today's options activity, 4,919 calls and 3,174 puts have already crossed the tape, which is triple the intraday average. Most popular is the March 130 call, followed by the 125 put in the same monthly series, both of which will expire at the close tomorrow.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter