The Chinese tech giant, Baidu, has been around since 2000. As one of the leading search engines in China, Baidu has grown to become a major player in the tech industry. With its massive user base and innovative products, Baidu has become one of the most valuable companies in the world. As such, the stock price of Baidu has been subject to great fluctuations over the years. Let’s take a look at the history of Baidu stock price.
Back in the Early 2000s
When Baidu was first launched in 2000, the company was valued at only $50 million USD. At this time, Baidu was still a new entrant in the search engine market, and the company was still trying to establish itself as a leader in the industry. The company’s stock price remained relatively stable throughout the 2000s, as Baidu slowly began to gain traction in its home market of China.
Baidu’s Growth in the 2010s
In the early 2010s, Baidu began to show impressive growth. The company had become the leading search engine in China and was expanding into other markets. As the company’s popularity grew, so did its stock price. By 2012, the stock had risen to around $150 per share. This marked a significant increase from the company’s value in the early 2000s.
The Rising Stock Price in the Late 2010s
In the late 2010s, Baidu’s stock price continued to increase. The company had become one of the most valuable tech companies in the world, and investors began to take notice. In 2017, the stock price reached a peak of around $260 per share. This marked a significant increase from the company’s value in the early 2000s.
Baidu’s Stock Price in 2021
In 2021, Baidu’s stock price has dropped slightly from its peak in 2017. As of April 2021, the stock is currently trading around $210 per share. Despite the slight drop in price, Baidu remains a valuable company and one of the most valuable tech stocks in the world.
What’s Next for Baidu?
Despite the slight drop in Baidu’s stock price, the company remains a major player in the tech industry. The company has recently announced new initiatives such as its AI-driven autonomous driving division and its new AI-powered voice assistant, DuerOS. As the company continues to innovate and expand into new markets, investors are expecting the stock price to rise in the near future.
Conclusion
Baidu’s stock price has had a roller coaster ride since its launch in 2000. From its initial value of $50 million, the stock price has risen to a peak of $260 per share in 2017. Despite a slight dip in 2021, the stock is still trading at a significant value and is expected to continue its upward trajectory in the near future. As Baidu continues to innovate and expand its operations, investors are sure to take notice of the company’s progress.