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Wall Street is going bullish on Baidu, Nvidia’s top chip competitor in China
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Wall Street is going bullish on Baidu, Nvidia’s top chip competitor in China
Baidu is finally getting the kind of attention it’s been quietly waiting for, and Wall Street is suddenly piling in. Analysts at Goldman Sachs and Macquarie Securities both told the trading floor this week that Kunlunxin, Baidu’s chip unit, will unlock serious value if it goes public, advising investors to start considering it. Hong Kong-listed shares of Baidu have now had their average price target boosted by around 60% since late August, which…
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