U.S. stock market anomaly | Baidu (BIDU.US) rises more than 6%, institutions estimate Kunlun chip valuation could reach 100 billion Hong Kong dollars.

According to the Wise Financial APP, on Wednesday, Baidu (BIDU.US) rose by over 6%, reaching $131.89. It is reported that in August of this year, in the centralized procurement project for artificial intelligence general computing devices (inference type) from 2025 to 2026 by China Mobile, AI server products based on Kunlun Chip took 70%, 70%, and 100% of the share in package 1, package 2, and package 3 respectively. All three packages ranked first, with the size of the winning bid orders reaching the billion level. CICC International stated in a research report that the market value of Cambrian A shares has reached $80 billion, and the expected valuation of other domestic GPU companies listed on the Hong Kong Stock Exchange is between 30 billion and 100 billion Hong Kong dollars, and Kunlun Chip's valuation should be at the top end of this range.