Why Baidu Shares Are Rising

Baidu Inc BIDU shares are trading higher by 4.19% to $144.74 Thursday morning after the company announced its first superconducting quantum computer that fully integrates hardware, software, and applications.

What Else?

Baidu Thursday also introduced the world's first all-platform quantum hardware-software integration solution that provides access to various quantum chips via mobile app, PC, and cloud. 

Launched at Quantum Create 2022, a quantum developer conference held in Beijing, the company says this new offering paves the way for the long-awaited industrialization of quantum computing.

Also, the Chinese government announced new stimulus spending, which lifted investor sentiment in some Chinese stocks. Anticipation of the Fed's Jackson Hole symposium and reports suggesting the U.S. and China are nearing a deal to allow audit inspection of New York-listed Chinese companies could also be impacting the stock.

See Also: If You Invested $100 In Bitcoin, Ethereum Classic, Alphabet, Apple, Microsoft, Amazon And Tesla 5 Years Ago, Here's How Much You'd Have Now

According to data from Benzinga Pro, Baidu has a 52-week high of $182.60 and a 52-week low of $101.62.