Baidu, Inc. (NASDAQ:BIDU) is a prominent AI stock on the market’s radar. HSBC analyst Charlene Liu raised the stock’s price target to $130.00, citing Baidu’s plans to spin off its AI chip subsidiary, Kunlunxin. Baidu filed for a confidential listing of KLX on the Hong Kong Stock Exchange, with revenue projections of RMB3.5bn in 2025. The firm anticipates KLX’s 2026e revenue to reach cRMB6bn, driven by chip sales and cloud services. Baidu’s equity stake in KLX is expected to dilute to 51% after the spinoff. While Baidu is a major player in AI, other AI stocks may offer greater upside potential.

Read more at Yahoo Finance: HSBC Raises Baidu (BIDU) Target to $130 on Kunlunxin AI Chip Spinoff Plans