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Baidu's Game-Changing Updates: AI Approval, Apollo Go Expansion, and Earnings

Today we dive into the latest developments surrounding Baidu ($BIDU), one of China's tech giants. 

August 30th, Bloomberg reported that Chinese officials are poised to grant Baidu approval for the first batch of generative AI services in the country. This significant news has propelled the stock to a remarkable 10% increase for the week.

But that's not all! On August 25th, Baidu made headlines by announcing the expansion of its autonomous ride-hailing platform, Apollo Go, to include Wuhan Tianhe International Airport. This move showcases Baidu's commitment to advancing its driverless car services.

Moreover, on August 22nd, Baidu managed to recover some of its recent losses, thanks to an impressive earnings report. $BIDU not only beat earnings expectations but also exceeded revenue forecasts, further solidifying its position in the tech industry.

Watch this video to get the technicals and see how these pivotal events can have potential implications for Baidu's future. 

Good Trading!

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