Baidu, Inc. (BIDU)

President Trump and Chinese leader Xi Jinping reached a trade truce with mutual tariff reductions, but markets remained skeptical due to unresolved tensions in technology, semiconductors, and geopolitical issues.

Alibaba is developing AI processors that could challenge Nvidia's dominance in the AI hardware market, with a chip that matches Nvidia's performance at 40% lower cost and a more open software ecosystem.

Wall Street is showing renewed interest in Chinese tech stocks, particularly Alibaba and Baidu, despite geopolitical tensions. These companies offer growth potential at discounted valuations, with strong earnings and expanding market opportunities in Asia.

DEEPX, an AI semiconductor company, signed a technology partnership with Baidu to collaborate on AI solutions for drones, robotics, and OCR, leveraging Baidu's PaddlePaddle deep learning framework.

Uber Technologies reported mixed Q1 2025 results, with earnings beating estimates but revenues missing. The company's Mobility and Delivery segments saw revenue growth, while Freight revenues declined. Uber provided Q2 2025 guidance for gross bookings and adjusted EBITDA.