iQIYI, Inc. (IQ) shares gained 6.42% today (2023-08-03). Is it the right time to buy?

What’s happening at iQIYI, Inc. (NasdaqGS:IQ)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 6.42% (or 0.37 points) to $6.13 from its previous close of $5.76. So is it the right moment to buy?
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