Baidu's (NASDAQ: BIDU) stock price is up about 40% this year. Most of the Chinese tech giant's rally was driven by two factors: the relaxation of China's zero-COVID restrictions, which should reduce the macroeconomic pressure on its advertising and cloud businesses, and a stampede toward all AI-related stocks, which was initially sparked by OpenAI's ChatGPT.

But is it too late to buy Baidu after those big gains? Let's see if its stock has gotten ahead of its business.

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Source Fool.com