JPMorgan released a research report re-evaluating the business structure of BIDU-SW (09888.HK) +1.700 (+1.344%) Short selling $263.28M; Ratio 24.338% . The report noted that the market had previously viewed Baidu as a "sinking search plus a Kunlunxin IPO catalyst", with expectations that capital would rotate from Baidu to Kunlunxin after the latter's listing. However, Baidu's 1Q26 results refuted this narrative.Core AI-powered Business recorded revenue of RMB13.6 billion, up 49% YoY, accounting for 52% of Baidu Core revenue for the first time. In contrast, Online Marketing Services shrank 22% YoY. Related News G Sachs: BIDU-SW (09888.HK) AI Cloud Biz Remains Strong, AI Biz to Exceed 50% of Revenue by End-2026Based on this, JPMorgan raised its TP for BIDU-SW (09888.HK) +1.700 (+1.344%) Short selling $263.28M; Ratio 24.338% from HKD195 to HKD225, and lifted its TP for Baidu, Inc. (BIDU.US) from USD200 to USD230, while maintaining an Overweight rating. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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