Baidu plans to spin off AI chip subsidiary Kunlunxin through a Hong Kong IPO, filing a confidential listing application. Beijing’s push for semiconductor self-sufficiency amid US-China tech tensions influenced the move. Kunlunxin plays a key role in Baidu’s ambition to become a full-stack AI company. Baidu reported Q3 2025 revenue of $4.4 billion, with a $2.3 billion impairment charge. AI cloud infrastructure sales rose 33%, and AI-native marketing services revenue surged 262% YoY. Baidu’s robotaxi service Apollo Go provided over three million fully driverless rides in Q3. Analysts forecast BIDU stock to increase significantly by 2029, with a potential upside of 128% from current levels.

Read more at Yahoo Finance: Baidu Is Spinning Off Its AI Chip Unit. Should You Buy BIDU Stock First?