• Trading at $125.69 (+5.87%) in after-hours following a strong upside move.
  • Shares gained after reports that Baidu’s Kunlunxin AI chip unit is preparing a multi‑billion IPO in Hong Kong.
  • Hong Kong‑listed BIDU-SW reportedly jumped about 5% on the Kunlunxin spinoff and listing headlines.
  • Move reflects renewed optimism about Baidu’s AI chip strategy and potential value unlock from Kunlunxin.