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BIDU-SW Opens 7% Higher; Citi: BIDU-SW Positioned as Leader in Emerging 'Agentic AI' Era
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BIDU-SW (09888.HK) opened 6.98% higher today, reaching a peak of HKD147.9. It last reported at HKD145.1, up 5.53%, with turnover of 2.6527 million shares, involving HKD389 million. Baidu Chairman and CEO Robin Li stated at the Baidu Create 2026 conference that AI is shifting from a model-centric era to one centered on applications and agents, Citi said in a research report. The Agentic AI era has arrived. Li introduced "Daily Active Agents" (DAAs) as a new value metric to better reflect AI productivity output. Citi believed Baidu has demonstrated and positioned itself as a leader in the emerging "Agentic AI" era, with a clear strategy to translate its technology into commercial value. At the event, Baidu launched its general-purpose intelligent agent DuMate and coding agent Miaoda. Citi believed Baidu's full-stack AI system, ranging from its proprietary Kunlunxin to its AI cloud, provides a significant competitive moat and demonstrates strong monetization channels for AI applications. Citi reiterated its Buy rating on Baidu, and set a US stock Baidu (BIDU.US) TP of USD186. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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