Zhi Tong Cai Jing·2025-09-22 06:38Group 1 - Baidu Group's stock price has risen significantly, with an increase of 50% since the beginning of the month, currently trading at 136.2 HKD and a trading volume of 3.164 billion HKD [1] - The market is re-evaluating Baidu's AI commercialization potential, including products like Kunlun chip, Robotaxi, and digital humans [1] - Kunlun chip has won a major order from China Mobile for AI general computing devices, securing a leading share in multiple bidding packages [1] Group 2 - Citic Securities highlights Baidu's strong valuation and suggests monitoring the company's fundamental improvement and growth potential in AI and autonomous driving [2] - Everbright Securities notes Baidu's healthy net cash flow, supporting long-term investments in AI strategies [2] - The successful business model of "萝卜快跑" in Wuhan has achieved breakeven, with increasing order numbers and smooth overseas expansion [2] - Kunlun chip's shipment volume has exceeded expectations, and the integration of self-developed models, computing platforms, and chips enhances cost-effectiveness in training and inference, contributing to the AI ecosystem [2]