Baidu Group-SW (09888) saw its shares rise more than 5% during the trading session. At the time of writing, the stock was up 3.54%, trading at HK$125.7, with a turnover of HK$1.144 billion. Recent research from浦银国际 highlights that as the proportion of AI-driven business revenue continues to increase, market focus is gradually shifting from traditional advertising recovery to a revaluation of AI assets. The report suggests that the steady progress of the Kunlun Chip spin-off listing, shareholder return plans, primary listing in Hong Kong, and the global expansion of autonomous driving business will serve as core catalysts supporting the company's valuation recovery and long-term value reassessment. The institution forecasts that Baidu's cloud business will achieve rapid growth in the first quarter of 2026, with AI cloud infrastructure expected to become the primary growth driver. Revenue growth is projected to exceed 40% year-over-year, driven mainly by surging AI demand and price increases resulting from tight computing power supply. Furthermore, on April 24, the preview version of DeepSeek-V4 was officially launched and simultaneously open-sourced. The model features an ultra-long context window of one million characters and leads domestically and in the open-source field in terms of Agent capabilities, world knowledge, and reasoning performance. It is available in two versions: DeepSeek-V4-Pro and DeepSeek-V4-Flash. According to Baidu Intelligent Cloud, Baidu Qianfan's Day0 adaptation provides API services for the DeepSeek-V4 preview version, with external pricing consistent with DeepSeek's official rates.
Comments