Why Baidu Stock Jumped 20.6% in February

Shares of Baidu (NASDAQ: BIDU) jumped 20.6% in February, according to data from S&P Global Market Intelligence. Excitement about the company's entry into the electric vehicle (EV) space helped the Chinese technology specialist post impressive gains despite a late-month sell-off for the tech sector. Recent reports have suggested that Baidu is gearing up to make a big play in the EV market, and the company's core search, digital advertising, and artificial intelligence businesses also appear to be rebounding amid strong performance for China's economy.