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<Research>G Sachs: BIDU-SW to Launch 2 New Chips in 2026, 2027; Wuhan Robotaxi Already Profitable
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A research report by Goldman Sachs cited BIDU-SW (09888.HK)(BIDU.US) management as saying that the AI industry is transitioning towards a “Reverse Pyramid” structure, where AI models and applications should capture greater value. The company indicated that capex will be directed towards areas that can drive large commercial value, particularly to B and to C applications. Furthermore, the company has, for the first time, outlined a five-year plan for Kunlun chips, with two new chips set to be launched in early 2026 and early 2027 to meet both inference and training needs. The Kunlun P800, launched last year, has already received orders from various customers. Regarding Robotaxi, Baidu Apollo recently achieved 250,000 orders in a single week, and has accumulated 17 million passenger trips since its launch. With profitability achieved in Wuhan, the company believed its Robotaxi business will continue to expand rapidly globally. In terms of the search engine, currently, 70% of searches involve AI-generated content, particularly multimodal responses containing images and videos. AI agents and digital humans have become highlights in the mobile ecosystem, achieving broad coverage within Baidu's ecosystem. The broker set a target price of HKD150 for Baidu's Hong Kong shares and USD154 for its US shares, with a Buy rating. AASTOCKS Financial News Website: www.aastocks.com |
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