Why Baidu Is Soaring Today
Shares of Chinese tech giant (NASDAQ: BIDU) were soaring on Friday, up 13.1% as of 12:00 p.m. EDT, with "China's Google" reaching its highest stock price since mid-2023.
The catalyst for today's move was Baidu's confidential filing for an initial public offering of its in-house semiconductor chip design firm, Kunlunxin.
The move is thought to unlock value for the tech conglomerate, which may be undervalued based on a sum-of-the-parts calculation.
Source Fool.com
Baidu Inc. A ADR Aktie
122,00 €
-1,77 %
Die Community sieht Baidu Inc. A ADR positiv: Viel mehr Buy- als Sell-Einschätzungen.
Die Community prognostiziert für Baidu Inc. A ADR ein Kursziel von 132 €, was einen leichten Anstieg gegenüber 122.0 € darstellt.
