According to CNBC, Baidu shares surged 12% after the company secured a major AI partnership and indicated plans to raise fresh capital. According to CNBC, the report emphasized the AI deal and funding intentions but did not disclose the partner identity or financing details. According to CNBC, there was no mention of direct cryptocurrency exposure or crypto market impact in the update.

According to Michael Burry Stock Tracker (@burrytracker), Baidu (BIDU) has gained approximately 4–6% year-to-date as the company emphasizes its AI business. However, trading data shows fundamental weaknesses: ad revenue is down 6% year-over-year and adjusted EPS has dropped 7% YoY. Although Baidu's cloud division reported strong 40% growth, it remains insufficient to offset declines in core segments. Michael Burry is reportedly betting that Baidu's AI investments will not translate into profits quickly. For crypto traders, lagging profitability in major Chinese tech stocks like Baidu signals that institutional capital may remain cautious about rapid AI-driven rallies in both equities and related AI crypto tokens. Source: @burrytracker on Twitter, June 19, 2025.