Changes in Hong Kong stocks | Baidu Group-SW (09888) rose more than 4% in the second quarter, AI Cloud is expected to remain strong, and the launch of Kunlun chips will drive value revaluation

The Zhitong Finance App learned that Baidu Group - SW (09888) rose by more than 4%. As of press release, it had risen 4.02% to HK$106.2, with a turnover of HK$831 million.

According to the news, SPDB International expects Baidu's 2Q26 AICloud Infra revenue increase of 50% year-on-year to 7.3 billion yuan, maintaining strong growth. The GPU cloud revenue growth rate is expected to remain in three digits and accelerate month-on-month. At the same time, the increase in the share of GPU public clouds will continue to optimize the revenue structure of cloud services and promote improvements in the gross margin and profit quality of cloud services.

BOC International also expects the company's new AI business to maintain high growth in 2Q26. Furthermore, the market is re-examining the value of Kunlun Core's spin-off listing. The bank notes that another favorable factor is that the company announced that it will apply to the Hong Kong Stock Exchange for a dual major listing position. It is expected that the conversion can be completed within this year. After obtaining the dual primary listing status, it is expected that Baidu Hong Kong shares will be included in the Hong Kong Stock Connect, which will improve the company's liquidity and valuation.