# Baidu posts fifth consecutive revenue drop as AI bet sputters — retained record

> Retained news record from news:semafor.

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-08-18 22:33 ingested 2026-08-19 06:46

[original source ↗](https://www.semafor.com/article/08/18/2026/baidu-posts-fifth-consecutive-revenue-drop)

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Chinese search giant Baidu posted a fifth consecutive quarterly revenue drop on Tuesday, sending its stock sliding, as it shells out to keep pace with domestic AI peers.
Baidu is pivoting to become an “AI-first company,” its CEO said, tripling its quarterly capex as it ploughs cash into compute. But Baidu “faces a two-pronged existential fight,” Bloomberg wrote: It’s losing ad share to ByteDance and Alibaba — only partly offset by cloud growth — and its Ernie model lags open-weight offerings from AI firms Moonshot and DeepSeek.
While Baidu’s stumble reflects broader anxiety over big AI spenders, Bank of America said Nvidia’s stock could be trading at up to a 50% discount, with investors “overstating the risks” of the US chipmaker’s AI investments.
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