On July 10, Baidu Group-SW rose 3.32% in regular trading, trading at 117.7 HKD/share, with turnover of HKD 153 million.

On the news front, Baidu's AI chip subsidiary Kunlun Chip is pushing forward its Hong Kong IPO with a target valuation of approximately $50 billion, already exceeding parent company Baidu's current market capitalization. Goldman Sachs expects Baidu's AI-driven business to grow over 30% year-over-year, with AI cloud infrastructure growth exceeding 50%. Additionally, Macquarie recently raised Baidu's target price to HKD 181, maintaining an Outperform rating. The broker projects Kunlun Chip's FY2026 revenue to more than double year-over-year to approximately RMB 8.5 billion with steadily expanding margins, assigning a valuation of roughly $48 billion. Baidu's 59% stake corresponds to an equity value of $82.5 per share, with the IPO expected to unlock significant value. Market expectations for Baidu's AI transformation and Kunlun Chip spin-off valuation rerating continue to intensify.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)