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Baidu Shares to Stay Explosive, Thanks to Artificial Intelligence

On July 27, after the close, Baidu Inc (BIDU) beat on earnings per share and revenue expectations. Shares rocketed higher by about 10% on Friday, the following session. In Monday's early trading session, shares of Baidu are extending their gains, climbing 2.83% to $226.25.

It was a strong quarter, where operating income climbed 47% year over year. Analysts at Cantor Fitzgerald were quick to get on board the Baidu Express. They...