Core Viewpoint - Baidu's stock rose over 6% to $131.89 following significant wins for its subsidiary Kunlun Chip in a major AI server procurement project with China Mobile, securing a total order scale in the billion range [1] Group 1: Company Performance - Kunlun Chip secured 70% market share in two of the three procurement packages and 100% in the third, ranking first in all categories [1] - The project is expected to generate revenue in the range of hundreds of millions, potentially exceeding that amount, based on the scale and market share won [1] Group 2: Market Expansion - Kunlun Chip has expanded its applications beyond Baidu's internal needs into various sectors including internet, finance, industrial manufacturing, and smart transportation [1] - The collaboration with key distributors like China Electronics Port is anticipated to further enhance Kunlun Chip's market share and revenue growth in the coming years [2]

Core Insights - Baidu's stock rose over 6% to $131.89 following significant wins in China's mobile AI server procurement project, securing 70% and 100% shares in three bidding packages, with total orders reaching a billion-level scale [1] - Kunlun Core's market valuation is expected to be at the top end of the estimated range of $30 billion to $100 billion HKD, based on its performance and the valuation of other domestic GPU companies [1] - The successful bid for the China Mobile project is anticipated to lead to direct revenue growth for Kunlun Core, with estimates suggesting revenues could reach several hundred million or more [1] Company Developments - Kunlun Core has expanded its technology validation and product iteration through internal business needs at Baidu, deploying thousands of units in services like Baidu Search and Xiaodu [1] - The company is now broadening its market share in the telecommunications sector and enhancing brand influence through the recent project win [1] - Future revenue growth is expected to be rapid, driven by ongoing expansion into various industries and partnerships with key distributors like China Electronics Port [2]