Baidu Stock Pops as Abu Dhabi Robotaxi Launch Just Reignites AI Bull Case

Baidu (BIDU) (HK:9888) moved higher on Monday after the company announced that its Apollo Go robotaxi service has officially begun commercial operations in Abu Dhabi. The launch marks a big step in Baidu’s global expansion of autonomous driving technology. For BIDU stock, the move helps revive the AI bull case by highlighting a long-term push beyond search and advertising. While robotaxis won’t materially boost near-term earnings, successful global expansion could support a valuation re-rating if investors gain confidence in Baidu’s ability to turn its AI lead into long-term commercial growth.

Apollo Go is Baidu’s app-based ride-hailing service, built on its self-driving technology. Apollo Go is one of the world’s largest robotaxi operators, active in multiple Chinese cities and now expanding into international markets such as the Middle East and Europe.