positive
Recently
Baidu Shares Surge as AI Chip Unit Kunlunxin Files for Hong Kong IPO
Baidu’s shares jumped on plans to list its AI chip division Kunlunxin in Hong Kong, highlighting investor interest in domestic AI hardware growth.
Baidu’s U.S. listed stock climbed sharply after the company’s AI chip unit, Kunlunxin, submitted a confidential application for an initial public offering in Hong Kong. The spin-off filing, which has not yet finalized size or timing, reflects growing investor interest in China’s semiconductor and AI hardware landscape amid tighter U.S. export rules.