Baidu's stock (BIDU) surged 5.19% in pre-market trading, driven by a trifecta of bullish catalysts: record AI adoption, upbeat analyst ratings, and progress toward a semiconductor spinoff.
The company's Ernie Assistant surpassed 200 million monthly active users, while its Wenku platform expanded globally with actor Ding Yuxi as ambassador. Analysts at Bank of America and DBS highlighted Baidu's AI-led recovery, with DBS raising its target price citing robust cloud and chip unit growth. Meanwhile, plans for a $2 billion Hong Kong IPO of its Kunlunxin AI chip unit further fueled investor optimism.
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