Baidu shares continued to fall, reaching a new 52-week low of $76.40 on October 30. It was the second consecutive week the stock set a new low, signaling continued selling pressure and a break below technical support levels.
The share price is now more than 50% below its January peak. That peak was above $162.
The decline has reduced Baidu’s market capitalization to around $21 billion. Despite its leading position in China’s search market and its AI development, the share price suggests investor concerns remain unresolved.