Baidu (BIDU) Stock Pops On ChatGPT Competition

Baidu (BIDU) shares pop on AI chatbot in progress. Alex Coffey and Jenny Horne discuss BIDU, as the company is developing and AI based chatbot. They talk about how BIDU expects to finish the testing of Ernie bot next month. They also compare BIDU to other AI stocks which include C3.ai (AI), Microsoft (MSFT), and Dynatrace (DT). They also note that BIDU stock touched its highest point since March 2022. They mention how the future of AI could include job replacement. Alex then demonstrates an example trade using BIDU. The trade type is a put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.