iQIYI Inc. (IQ) saw its shares drop by 6.81% on Wednesday, closing at $2.6 per share as funds moved to artificial intelligence. Trade tensions between the US and China also impacted investor sentiment. China’s warnings to the US over Taiwan and the South China Sea further weighed down on Chinese companies.

Several Chinese firms are considering a secondary listing on the Hong Kong Stock Exchange (HKEX) amid fears of being delisted from US markets. iQIYI Inc. (IQ) is planning an IPO on the HKEX, aiming to raise up to $300 million. Bank of America, JPMorgan, and China International Capital Corp. are reportedly working on the listing.

Reports suggest iQIYI Inc. (IQ) has tapped Bank of America, JPMorgan, and China International Capital Corp. for its Hong Kong listing scheduled for February 2026. While IQ shows potential, other AI stocks may offer higher returns with less downside risk. Investors seeking cheap AI stocks can explore the best short-term AI stock.

For more insights on stocks, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.” This article was originally published on Insider Monkey.

Read more at Yahoo Finance: iQIYI (IQ) Loses 6.8% as Funds Flock to AI