We recently published 10 Stocks Already Shocking in 2026 With Massive Gains. Baidu, Inc. (NASDAQ: BIDU) was one of the best performers last week.
Baidu saw its share price jump 20.4% week-on-week to a new 52-week high, as investors were reassured by its semiconductor subsidiary’s plan to list publicly on the Hong Kong Stock Exchange.
In a regulatory filing, Baidu, Inc. (NASDAQ: BIDU) said it is seeking to spin off Kunlunxin (Beijing) Technology Co., Ltd. in line with its plan to separately list the latter’s Series H shares on the Hong Kong Stock Exchange.
Stock market data. Photo by RDNE Stock Project on Pexels
An official filing has already been submitted, but the proposed demerger has not yet been finalized, pending approval from the HKEx, completion of the filing with the China Securities Regulatory Commission and final decisions between the two companies.
He noted, however, that Kunlunxin will remain a subsidiary of Baidu, Inc. (NASDAQ: BIDU) after the listing.
“The proposed spin-off aims to independently showcase Kunlunxin’s value, attract investors focused on the AI ​​chip sector, and leverage its standalone listing to enhance its market profile, expand its financing channels, and better align management accountability with performance. It also supports efforts to unlock the value of Baidu’s AI-based businesses,” said Baidu, Inc. (NASDAQ: BIDU).
Founded in 2012, Kunlunxin supports Baidu, Inc.’s (NASDAQ: BIDU) ambition to become a full-stack AI company.
Last year, Kunlunxin booked orders worth 1 billion yuan from technology companies supplying China Mobile, one of the country’s largest mobile operators.
While we recognize BIDU’s potential as an investment, our conviction lies in the belief that certain AI stocks have more promise in terms of higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also a top beneficiary of Trump’s tariffs and relocation, check out our free report on the best AI stock in the short term.
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Disclosure: None. This article was originally published on Initiated Monkey.
