BIDU(US:BIDU) Ge Long Hui·2026-01-23 09:29Core Viewpoint - Baidu's adjusted operating profit margin for the last quarter is projected to reach 10.3%, exceeding market expectations of 9.8%, driven by its AI investment strategy and potential spin-off of Kunlun chip for a Hong Kong listing [1] Group 1: Financial Performance - Baidu's stock price increased by 0.97% to $164.09 in pre-market trading [1] - The company has a total market capitalization of $55.87 billion [1] - The average price of Baidu shares was $163.031, with a price-to-earnings ratio of 43.29 [1] Group 2: Strategic Developments - The company is focusing on a sustained and accelerated AI investment strategy, which is expected to generate stable, high-quality AI-enabled revenue and profits [1] - Baidu's AI infrastructure services over 460,000 clients, including more than 65% of state-owned enterprises and systemic banks, 95% of mainstream car manufacturers, and 50% of gaming companies [1] Group 3: Analyst Ratings - CICC maintains a "Buy" rating for Baidu's U.S. stock, raising the target price to $187 [1] - Citigroup also maintains a "Buy" rating, setting a target price of $186, highlighting Baidu's comprehensive AI technology capabilities [1]