Baidu's New High

By Chris Hill – Oct 30, 2013 at 6:28PM

NASDAQ: BIDU

Baidu

Market Cap

$28B

Today's Change

(1.24%) $1.21

Current Price

$98.45

Price as of April 23, 2024, 3:03 p.m. ET

Baidu soars to a new all-time high. Is the Google of China still a buy at these levels?

The following video is from Wednesday's MarketFoolery, in which host Chris Hill and Motley Fool analysts Bryan White and Matt Argersinger dissect the hardest-hitting investing stories of the day.

Shares of Baidu (BIDU 1.24%) hit a new all-time high today, and the company also increased guidance. While Q3 profits only rose 1.3%, Matt and Bryan discuss just how much of the company's revenue it is reinvesting in building out its mobile platform and how much success it is finding there. With 81% of the market share in search in China, our analysts also discuss the dominance of Baidu in that country today.

Fool contributor Bryan White, Chris Hill, and Matthew Argersinger have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Baidu and Google. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.