• Trading at $125.49 (+5.70%) in intraday trading.
  • Hong Kong-listed BIDU-SW reportedly surged about 5% on plans to spin off Kunlunxin for listing, boosting sentiment around Baidu's AI chips strategy.
  • Additional reports highlight Baidu's push into custom AI chips and positioning as China's Nvidia, drawing investor attention to its chip unit.
  • Broader U.S. indices are modestly higher, but BIDU is outperforming, suggesting a primarily company-specific catalyst tied to its chip unit IPO narrative.