• Trading at $125.80 (+5.96%) during live trading after recent strength in BIDU
  • Shares reacting to reports Baidu plans Hong Kong IPO of its Kunlunxin AI chip unit
  • Investor sentiment supported by narratives positioning Baidu as China’s Nvidia via custom AI chips
  • Move comes despite prior concerns over earnings, layoffs, and growth, as market re-prices AI optionality