BIDU surges 5.02% in pre-market trading on December 30, 2025, amid analyst upgrade and AI infrastructure momentum

Baidu saw significant pre-market momentum, rising 5.02% to $133.17, after SWS Research upgraded the stock to Buy from Add, citing strong growth and confidence in the company's AI infrastructure segment.

• The new price target set by SWS Research is HK$172.54.
• The upgrade reflects confidence in Baidu's AI transformation, noting AI Cloud expansion of 33% year-on-year and triple-digit growth in AI accelerator subscriptions.
• Analysts suggest an upside potential ranging from 22% to 65%, supported by the company's strong liquidity position of approximately $5.43 billion in cash.