BIDU is trading at $148.19 (+5.94%) amid a surge driven by its AI chip subsidiary starting the formal process for dual listings on Shanghai's STAR Market and the Hong Kong exchange.
- The move could unlock an estimated $13B in hidden value, forcing investors to price the unit separately—a division currently worth over a quarter of Baidu's total market cap.
- Options activity is signaling bullish sentiment, with the May 8, 2026, 148 Call ask at 0.69 (volume 7) as the stock breaks higher following the announcement.