Top 10 Hot AI Stocks Dominating Headlines

2. Baidu Inc. (NASDAQ:BIDU)

Number of Hedge Fund Followers: 50

Baidu Inc. (NASDAQ:BIDU) is a Chinese technology giant that offers AI and internet services, including video streaming and discussion forums. The company’s search engine is the most popular in the country. In recent years, the company has ramped its AI investments in an attempt to position itself as a leader in the mainland’s evolving tech landscape.

On February 27th, Baidu Inc. (NASDAQ:BIDU) announced a partnership with EV battery leader CATL to explore the development of “competitive” driverless vehicles and innovative business models. The companies will prioritize digital intelligence and autonomous driving and also focus on using CATL’s power batteries, battery swapping products, and skateboard chassis technology in driverless vehicles.