The Law Offices of Frank R. Cruz announces an investigation of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On November 26, 2025, Reuters reported that an October 7th letter from Deputy Defense Secretary Stephen Feinberg informed lawmakers that the Pentagon had determined Baidu to be one of three companies to be newly added to a list of companies that aid ‌the Chinese military.

On this news, Baidu’s stock price fell $1.54, or 1.3%, to close at $116.34 per share on November 26, 2025, thereby injuring investors.

Then, on February 26, 2026, the Company reported fourth quarter and full year 2025 financial results, including that “Total revenues were RMB129.1 billion ($18.46 billion), decreasing 3% year over year, primarily due to a decrease in Legacy Business, partially offset by an increase in Baidu Core AI-powered Business.” However, Baidu management assured investors its “results demonstrate AI’s growing contribution to Baidu’s value creation and our ability to translate AI capabilities into scalable commercial impact.”

On this, Baidu shares fell $7.50 or 5.65%, to close at $125.15 on February 26, 2026,  injuring investors further.

Recently, on August 18, 2026, the Company reported second quarter 2026 financial results, including that revenue of RMB 31.3B ($4.62 billion), another decline of 4% year over year. Management explained it is “deliberately holding back on monetizing the AI search” which has “weighed on our advertising businesses in the near term.” The Company further stated that “[t]he competition in this industry remains very intense” and “competition for users’ time and attention has intensified further.”

On this, Baidu shares fell as much as $13.75 or 13.21% during intraday trading on August 18, 2026,  thereby injuring investors further.