Baidu's stock rose nearly 8% during trading, reporting that Baidu's AI chip business Kunlun plans to IPO in Hong Kong

Wallstreetcn
2025.12.05 05:33
portai
I'm PortAI, I can summarize articles.

More news, ongoing updates

According to the latest media reports, Kunlun Core plans to submit its listing application to the Hong Kong Stock Exchange as early as the first quarter of next year, hoping to complete its IPO by early 2027 at the latest.

After the news broke, Baidu surged during trading, currently up nearly 8%.

According to a previous article by Zhui Feng Trading Platform, JP Morgan believes that Baidu's investment narrative is undergoing a fundamental shift: the company is transforming from a traditional search advertising company into an AI infrastructure provider. It is expected that the sales of Kunlun chips and the demand for GPU computing will significantly boost revenue growth. JP Morgan estimates that Baidu's Kunlun chip revenue will soar from approximately RMB 1.3 billion in 2025 to RMB 8.3 billion in 2026, an increase of 6 times.

Updating

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.