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SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of November 13, 2026 in Baidu, Inc. Lawsuit - BIDU

  • Baidu's AI business grew 49% year-over-year in Q1 2026 but contracted 8% quarter-over-quarter in Q2 2026.
  • A securities class action alleges Baidu materially overstated its AI business performance while legacy search advertising collapsed.
  • The lawsuit covers investors who purchased BIDU securities between November 18, 2025, and August 17, 2026.
  • Stock prices fell 12.73% ($13.25 per share) to $90.87 on August 18, 2026, after Q2 2026 results were disclosed.
  • The lead plaintiff appointment deadline is November 13, 2026.
  • Actual Q2 2026 Core AI revenue was RMB 12.5 billion, down from the projected RMB 13.6 billion in Q1 2026.
  • Legacy business revenue declined 23% year-over-year to RMB 10.4 billion in Q2 2026.
  • AI Cloud Infrastructure dropped 17% quarter-over-quarter to RMB 7.3 billion in Q2 2026.
  • The complaint alleges statements lacked a reasonable basis as AI growth failed to offset the sharp decline in traditional revenue.
  • Levi & Korsinsky LLP is representing aggrieved shareholders through the SueWallSt initiative.