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-0.00120328425821056 -0.00021234428086071 7.0781426953503E-05 -0.00120328425821056 -0.00113250283125705 0.000283125707814213 0.00141562853907127 0.000959088335220891
Stock impact report

HSBC Raises Baidu (BIDU) Target to $130 on Kunlunxin AI Chip Spinoff Plans [Yahoo! Finance]

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU) 
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.baidu.com
Company Research Source: Yahoo! Finance
stock to $130.00 (from $112.00) while maintaining a Hold rating. The rating update follows Baidu's plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, which the firm believes is value-adding for BIDU. The firm noted how Baidu filed a confidential listing application on January 1 st , for its AI chip subsidiary KLX on the Hong Kong Stock Exchange. A Reuters report from December 5 was also referred, which noted that KLX had received revenue of RMB2bn and made a net loss of RMB200m in 2024, aiming to generate over RMB3.5bn revenue and breakeven in 2025. A Wall Street trading floor, chaotic with activity as traders and financial analysts analyze the company's impact on the markets. The firm assumes KLX's 2026e revenue to reach cRMB6bn based on a similar growth rate (over 70%) in 2025, with its revenue split between direct hardware chips sales and chip-related cloud service revenue, likely to come in at 1:3 ratio as it anticipates expect to put more emphasis on Show less Read more
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