US Stock Market Move | Baidu Inc Sponsored ADR Class A(BIDU.US) rises over 6%, institutions estimate that the valuation of Kunlun chip may reach more than HK$100 billion.

On Wednesday, Baidu Inc Sponsored ADR Class A (BIDU.US) surged more than 6%, reaching $131.89. It is reported that in August of this year, in the China Mobile Limited 2025-2026 Artificial Intelligence General Computing Device (Inference Type) Centralized Procurement Project, Kunlun Core-based AI server products secured 70%, 70%, and 100% shares in packages 1, 2, and 3 respectively, ranking first in all three packages. The total value of the winning bids reached billions. CICC International stated in a research report that Cambricon's A-share market value has reached $80 billion, and the expected valuations of other domestic GPU companies listed in Hong Kong range from 30 billion to 150 billion Hong Kong dollars, placing Kunlun Core at the top end of this range. Industry professionals believe that in the early stages, Kunlun Core mainly conducted technical verification and product iteration based on the internal business needs of Baidu Inc Sponsored ADR Class A, deploying tens of thousands of chips in Baidu Inc Sponsored ADR Class A's search engine, Xiaodu, and other businesses. It gradually expanded to industries such as the internet, finance, industrial manufacturing, and smart transportation. Through winning the operator project, Kunlun Core is further expanding its market share in the communication industry and establishing brand influence among a wider range of customers. Winning the China Mobile Limited billion-dollar project will bring direct revenue growth to Kunlun Core. In addition, with Kunlun Core's continued expansion into other industries and the landing of its products, its revenue is expected to maintain rapid growth in the coming years. For example, the application of Kunlun Core's P800 accelerator card in multiple industries, as well as its collaboration with core distributors such as Shenzhen CECport Technologies, will further expand its market share and revenue.