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2025-09-17 11:20:30
[Baidu's stock price saw the biggest increase in two years, and its self-developed chip business was optimistic about institutions] Baidu (09888.HK) Hong Kong stocks soared 15% at one point during the session, the biggest increase since March 2023, and the stock price rose to the highest level since October 2023. Previously, Arete Research Services LLP upgraded Baidu's American Depositary Receipts (ADRs) from "sell" to "buy" - the agency has held the only sell rating on Baidu since the downgrade in May last year. As the market's optimism about its business strategy heats up, the stock price of China's largest search engine operator has risen by more than 45% this month, leading the industry index. After early disappointments, analysts are gradually turning to a positive view of the company's artificial intelligence plans. Arete analysts Shawn Yang and Richard Kramer believe that the growth potential of Baidu's chip business is expected to completely offset the drag from its troubled online advertising business.
