0349 GMT - Baidu's slower AI cloud infrastructure revenue growth and net profit miss have weighed on its shares, Citi analysts say in a note. Beyond 2Q results, the lack of visibility on the spinoff progress of its AI chip unit also pressured shares, the analysts write. They point to management comments that the proposed listing process of Kunlunxin is continuing, without elaborating on the time frame. However, they note that management remains confident in Kunlunxin's long-term growth and commercial potential with strong AI compute demand. Citi sees Baidu's 3Q general revenue falling 1.5% on year and AI-powered revenue rising 29%. It cuts its ADR target price to $166.00 from $177.00 following the results. Baidu's ADRs end 13% lower; its Hong Kong-listed shares fall 12%.