We recently published a list of 10 Stocks Kick Off Trading Week With Losses. In this article, we are going to take a look at where Baidu, Inc. (NASDAQ:BIDU) stands against other stocks kick off trading week with losses.

Wall Street’s main indices began the shortened trading week on a lackluster note, albeit finishing in the green, as investors continued to digest corporate earnings results.

The S&P 500 led the charge, recording a modest 0.24 percent gain. However, the Dow Jones and the tech-heavy Nasdaq posted gains of only 0.02 percent and 0.07 percent, respectively.

Ten companies performed poorly on Tuesday amid a series of negative catalysts that disappointed investors. In this article, we identified the 10 worst performers and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A modern internet space with a person using Baidu services on a laptop.

Baidu, Inc. (NASDAQ:BIDU)

Baidu, Inc. (NASDAQ:BIDU) retreated on Tuesday, losing 7.51 percent to close at $90.16 apiece as investors unloaded portfolios after the company’s third straight quarter of revenue drop.

In a statement on Tuesday, Baidu (NASDAQ:BIDU) said revenues for the fourth quarter of 2024 dipped by 2.3 percent to RMB34.124 billion ($4.69 billion) from RMB34.951 billion ($4.8 billion) previously, while revenues for full-year 2024 dipped by 1 percent to RMB133 million from RMB134 million previously, amid cut-throat competition in the industry.

Net income for the quarter, however, doubled to RMB5.192 billion ($713 million) from RMB2.599 billion ($357 million) previously, while net income for the full year increased 17 percent to RMB23.76 billion ($3.26 billion) from RMB20.315 billion ($2.79 billion) year-on-year.

Overall, BIDU ranks 10th on our list of stocks kick off trading week with losses. While we acknowledge the potential of BIDU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as BIDU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.