Baidu Stock Soaring: In-House Chips and AI Deal Fuel Price Increase

The Chinese search engine and AI company Baidu Inc. is currently experiencing one of the strongest price rallies in recent years. On Wednesday, shares traded in Hong Kong surged by up to 17% to HKD 131.90 – the highest level in almost twelve months. In-house chips instead of Nvidia The price jump is related to reports that Baidu is now using its Kunlun P800 chip to train new versions of its Ernie language model. Until now, these tasks have heavily relied on Nvidia graphics processors. With its own development, Baidu can partially reduce...