Reported 1 day ago
iQIYI Inc. (NASDAQ:IQ) experienced a significant decline of 6.81% in its stock price, closing at $2.60, as investors moved their funds towards artificial intelligence amid rising trade tensions between the US and China. The company is planning an initial public offering on the Hong Kong Stock Exchange, potentially raising $300 million, as fears of delisting from US markets loom. Despite iQIYI's potential as an investment, analysts suggest that AI stocks may offer better returns.
Source: YAHOO