Baidu, Inc. (NASDAQ:BIDU) is one of the AI Stocks on the Market's Radar. On January 4, HSBC analyst Charlene Liu raised the price target on the stock to $130.00 (from $112.00) while maintaining a Hold rating. The rating update follows Baidu’s plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, which the firm believes is value-adding for BIDU. The firm noted how Baidu filed a confidential listing application on January 1st, for its AI chip subsidiary KLX on the Hong Kong Stock Exchan ...

Baidu is considering listing its Kunlunxin AI chip business in Hong Kong, people familiar with the matter said, as it looks to tap investor interest in China’s attempts to design products to compete with Nvidia https://t.co/0RtyhPU1Vi ...