Baidu, Inc. (NASDAQ:BIDU) saw its price target raised by Jefferies analyst Thomas Chong to $181 from $159, maintaining a “Buy” rating. The tech giant plans to spin off its AI chip subsidiary, Kunlunxin, and list it in Hong Kong. Analysts note potential value unlock from this move, pending regulatory approvals.

The spin-off of Kunlunxin (KLX) shares by Baidu is set to be listed on the Main Board of the Stock Exchange of Hong Kong, pending regulatory approvals. Analysts anticipate KLX will remain a subsidiary of Baidu post-spin-off. This move follows a previous update in December 2025 regarding KLX.

Baidu, Inc. (NASDAQ:BIDU) is a leading Chinese internet giant and AI pioneer, with significant investments in AI technology. While BIDU offers potential as an investment, other AI stocks may offer greater upside with less downside risk. For a report on an undervalued AI stock with potential growth, see the link provided.

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Read more at Yahoo Finance: Jefferies Upgrades Outlook on Baidu (BIDU) After AI Chip Unit Spin-Off Announcement