Baidu's AI Expansion Drives 0.95% Rally as $930M Volume Ranks 116th in Market Activity

. 22, , ranking 116th in market activity that day. The stock’s performance was influenced by strategic updates in its AI infrastructure division, which announced a partnership with a European cloud provider to expand data center capacity in the Asia-Pacific region. , signaling confidence in long-term demand for AI-driven services.

Analysts noted that the move aligns with Baidu’s broader push to secure market share in generative AI, a sector where competition has intensified amid rising hardware costs. The company also released preliminary Q3 earnings guidance indicating stable revenue from its core advertising business, offsetting short-term concerns about in the consumer sector. However, , suggesting limited immediate institutional interest despite the strategic developments.

To build an accurate back-test I need to confirm a few details about how you’d like the “top-500-by-volume” strategy implemented: 1. Universe • Which equity universe should we rank each day (e.g., all U.S. common stocks on NYSE + NASDAQ, or some predefined list)? • Are ADRs / ETFs to be included or excluded? 2. Pricing & execution assumptions • Should we “buy” at the next day’s open after the ranking has been made, or at the same day’s close? • Equal-weight each of the 500 names for the one-day holding period? (Typical in volume-factor tests.) 3. Benchmarks / friction • Should we ignore transaction costs and slippage, or apply a simple cost assumption (e.g., 5 bps in/out)? 4. Output format • Would you like a cumulative equity-curve, daily return series, and summary stats (CAGR, Max DD, Sharpe)? • If you’d like the trade list exported, please let me know. Once these are clear I can generate the data-retrieval plan and run the back-test from 2022-01-01 through today.