昆仑芯赴港IPO，中金、海通给出500亿美元估值预期

Group 1 - The core point of the article is that Baidu's AI chip subsidiary Kunlun Chip is set to be spun off and listed, with a potential valuation of around $50 billion, reflecting the growing interest in core chip assets within the domestic computing power industry [1] - Multiple institutions, including CICC and Haitong International, have provided positive assessments of Kunlun Chip, with CICC estimating its value based on AI cloud infrastructure and Haitong International comparing it to domestic GPU manufacturer Muxi, suggesting Kunlun Chip could reach three times Muxi's value [1] - IDC data indicates that Kunlun Chip is expected to rank third in China's AI accelerator chip market in 2024 with a shipment volume of 69,000 units, surpassing notable competitors like Cambricon and Muxi [1] Group 2 - The market's re-evaluation of Kunlun Chip is prompting a reassessment of Baidu's overall valuation logic, with Goldman Sachs and Macquarie highlighting the spin-off as a key step in "unlocking value" for Baidu [2] - As contributions from chips, cloud infrastructure, and related AI businesses continue to grow, Kunlun Chip is positioned to be a significant factor in reshaping market perceptions of Baidu's long-term growth potential [2]