巴克莱重估百度:首次将昆仑芯纳入估值体系,大幅上调目标价47%

华尔街见闻
Jan 27

巴克莱此次上调百度目标价,并非对搜索业务转乐观,而是首次承认:百度已经拥有一个可以脱离广告周期、独立定价的AI硬科技资产。昆仑芯的“入模”,标志着百度估值逻辑从互联网平台,迈向“平台+AI基础设施”的拐点时刻。在AI叙事持续升温的背景下,巴克莱最新研报对百度进行了一次关键性的估值重构。据追风交易台,尽管对百度核心广告业务的判断依旧偏谨慎,但在即将到来的昆仑芯分拆上市预期推动下,巴克莱首次将百度...

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