Baidu (BIDU) Skyrockets 20% as Chip Unit Eyes IPO in HK

We precocious published 10 Stocks Already Shocking 2026 With Massive Gains. Baidu, Inc. (NASDAQ:BIDU) was 1 of the apical performers past week.

Baidu saw its stock prices leap by 20.4 percent week-on-week to deed a caller 52-week high, arsenic investors took bosom from its semiconductor subsidiary’s program to database publically connected the Hong Kong Stock Exchange.

In a regulatory filing, Baidu, Inc. (NASDAQ:BIDU) said that it was looking to rotation disconnected Kunlunxin (Beijing) Technology Co., Ltd. successful enactment with its program to separately database the latter’s bid H shares connected the HKEx.

Stock marketplace data. Photo by RDNE Stock Project connected Pexels

An authoritative filing has already been submitted, but the projected spinoff has yet to beryllium finalized, pending support of the HKEx, filing completion with the China Securities Regulatory Commission, and the last decisions betwixt the 2 firms.

It noted, however, that Kunlunxin would stay a subsidiary of Baidu, Inc. (NASDAQ:BIDU) pursuing the listing.

“The projected spin-off aims to independently showcase Kunlunxin’s value, pull investors focused connected the AI spot sector, and leverage its standalone listing to heighten its marketplace profile, broaden financing channels, and amended align absorption accountability with performance. This besides supports the effort to unlock the worth of Baidu’s AI-powered businesses,” Baidu, Inc. (NASDAQ:BIDU) said.

Founded successful 2012, Kunlunxin supports Baidu, Inc.’s (NASDAQ:BIDU) ambition to go a full-stack AI company.

Last year, Kunlunxin bagged 1 cardinal yuan worthy of orders from exertion companies supplying to China Mobile—one of the country’s largest mobile carriers.

While we admit the imaginable of BIDU arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.