Mei Ri Jing Ji Xin Wen·2025-09-17 05:44Group 1 - The core viewpoint of the articles highlights the significant rise of the Hang Seng Technology Index, driven by AI developments, particularly with companies like Baidu and Alibaba adopting self-designed chips for AI model training [1][2] - Baidu's stock surged over 19%, reflecting strong market sentiment and the company's advancements in AI technology and chip development [1] - The report from Guosen Securities indicates that Baidu's Kunlun chip P800 is being adopted by both internal and external clients, achieving a dominant market share in a major AI server procurement project [1] Group 2 - Huatai Securities emphasizes that AI is reshaping Baidu's long-term narrative, with the company being one of the few in China that integrates self-developed chip capabilities, AI infrastructure services, and various AI application scenarios [2] - The firm identifies several undervalued business assets within Baidu, including its autonomous driving business and AI-enabled software applications, which are expected to be revalued as AI capabilities continue to evolve [2] - The outlook for the Hang Seng Technology Index remains positive, with expectations of structural inflows from southbound capital and potential interest rate cuts from the Federal Reserve, which could lead to a revaluation of technology stocks [2]