Baidu: Resiliency In Face Of Chip Restrictions, But There Are Risks (NASDAQ:BIDU)


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Robert Way/iStock Editorial via Getty Images In January, Baidu (NASDAQ:BIDU) a Chinese group specializing in artificial intelligence, saw its shares fall more than peers Alibaba (BABA) and Tencent (OTCPK:TCEHY) as shown by the orange chart below. The reason for the volatility was the Chinese Army possibly using its ERNIE LLM (large language model), thereby fueling concerns about potential American sanctions against the company. Comparing Performances (Seeking Alpha) However, the company which does not have access to Nvidia's (NVDA) latest chips because of U.S. export restrictions has strongly denied the accusations. Now, with advanced chips being a key ingredient for the...