Why Baidu Stock Popped 10% Today

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Shares of Chinese internet search giant Baidu (NASDAQ: BIDU) are on another tear Tuesday, rising another 10.6% through 2:25 p.m. EST. Partly, this appears to reflect investor optimism over Baidu’s plans to enter the red-hot market for electric vehicles in China.

But it’s also partly thanks to Wall Street and its analysts.

Image source: Getty Images.

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