Baidu's GPU cloud grows 283% - yet the stock falls
AI now makes up half of Baidu's core business, but weaker overall results push the stock down more than 5 percent.
Illustration · AI-generated (AI IN LIFE)
At a glance
- AI revenue +25% to 12.5 billion yuan in Q2 2026
- GPU cloud revenue +283% year over year
- AI cloud infrastructure +50% to 7.3 billion yuan
- AI business ~50% of Baidu's core revenue
- Apollo Go: 28 cities, over 23 million rides
Baidu reported a fast-growing AI business in the second quarter of 2026: AI-related revenue rose 25 percent to 12.5 billion yuan, InfotechLead reports, citing the quarterly figures. The standout: GPU cloud revenue jumped 283 percent year over year.
AI cloud infrastructure revenue grew 50 percent to 7.3 billion yuan. AI now accounts for roughly 50 percent of Baidu's core business - a clear pivot for the former search giant toward an AI and cloud provider.
The Apollo Go robotaxi business also expanded: the service now operates in 28 cities, has completed more than 23 million cumulative rides and covered over 350 million autonomous kilometers. "AI-powered businesses have become the company's core growth engine," said CEO Robin Li.
Despite the strong AI numbers, the stock fell more than 5 percent because overall results missed expectations, Invezz reports. The legacy advertising business remains under pressure while the lower-margin cloud and infrastructure segment increasingly carries group revenue.
FAQ
Why is the stock falling despite AI growth?
Because overall results missed market expectations; the legacy ad business remains weak while the lower-margin cloud segment carries revenue.
How fast is Baidu's cloud growing?
AI cloud infrastructure rose 50 percent to 7.3 billion yuan, and GPU cloud revenue jumped 283 percent.
What role does the robotaxi business play?
Apollo Go operates in 28 cities, has completed over 23 million rides and covered more than 350 million autonomous kilometers.
