🔴 BIDU is trading 3% down today after recent AI-chip spin-off rally

BIDU is trading at 3% down now at $142.38 as investors take profits following a significant multi-day run-up driven by the proposed spin-off of its AI chip unit, Kunlunxin.

• The stock had climbed approximately 15% in recent weeks based on the Kunlunxin IPO narrative.
• The proposed spin-off and separate Hong Kong listing was announced on January 1, 2026.
• Broader indices are only modestly weaker, suggesting today's decline is a stock-specific cooldown.