Stock Track | Baidu Soars 6.59% Intraday on AI Milestones, Analyst Upgrades, and Chip Unit Progress

Stock Track01-21

Baidu's stock (BIDU) surged 6.59% during the intraday session, reflecting strong investor confidence in the company's AI-driven growth trajectory.

The rally was fueled by multiple catalysts, including Baidu's Wenxin Assistant surpassing 200 million monthly active users, solidifying its position as a leading AI super-app. Analysts from Bank of America and DBS upgraded their ratings, citing robust cloud and chip unit growth, while plans for a $2 billion Hong Kong IPO of its Kunlunxin AI chip unit further boosted optimism.

This surge underscores Baidu's successful pivot to AI and its ability to monetize its ecosystem, positioning it as a key player in China's evolving AI landscape.

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