Hong Kong-listed AI 'twin leaders' see active trading! How to position in the AI sector for the Year
[Guess the Opening Price to Win Points] On the eve of Baidu's "report card"! Can the three key AI drivers accelerate the stock price?
By the 2026 Spring Festival, the battle for AI dominance will be in full swing, with tech giants burning cash to gain market share. Amidst the lingering competition, the 'silent giant' with 700 million search users $Baidu (BIDU.US)$$BIDU-SW (09888.HK)$ is about to submit its annual report card!
On February 26th, Beijing time (Thursday), before the US stock market opens, Baidu will release its Q4 2025 and full-year financial results. Market consensus expectations: revenue for this quarter is approximately 32.645 billion yuan, a year-on-year decrease of about 4.33%; earnings per share (EPS) is approximately 6.877 yuan, a year-on-year decline of about 51.77%.The macro pressures on the advertising business have been fully anticipated; the real focus is on:Can the sequential recovery of the AI business support growth guidance for 2026?
![By the 2026 Spring Festival, the battle for AI dominance will be in full swing, with tech giants burning cash to gain market share. Amidst the lingering competition, the 'silent giant' with 700 million search users $Baidu (BIDU.US)$$BIDU-SW (09888.HK)$ is about to submit its annual report card![Keep Fighting] On February 26th, Beijing time (Thursday), before the US stock market opens, Baidu will release its Q4 2025 and full-year financial results. Market consensus expectations: revenue for this quarter is approximately 32.645 billion yuan, a year-on-year decrease of about 4.33%; earnings per share (EPS) is approximately 6.877 yuan, a year-on-year decline of about 51.77%.The macro pressures on the advertising business have been fully anticipated; the real focus is on:Can the sequential recovery of the AI business support growth guidance for 2026? Amidst the earnings suspense, the stock price movement has also become deadlocked.Looking back at the first trading day of the Year of the Horse, affected by the sell-off wave in overseas tech stocks,$BIDU-SW (09888.HK)$ it came under pressure and adjusted, then oscillated around HKD 130, with bulls and bears locked in a stalemate. As of the close on February 25th, the stock was at HKD 128.90.Will this earnings report sound the 'resonance of Wenxin' or remain a 'silent powerhouse'? Join our interactive event with prizes![Clap] [Gift][Guess the Opening Price to Win Points] Vote to participate in the prediction$BIDU-SW (09888.HK)$The opening price range on February 27th at 9:30 AM Beijing time. Fellow investors who guess correctly will equally share10,000 points! [Let Me See]Value...](https://nnqimage.futunn.com/sns_client_feed/999982/20260225/web-1772015633049-ZDSjiOnPEX.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Amidst the earnings suspense, the stock price movement has also become deadlocked.Looking back at the first trading day of the Year of the Horse, affected by the sell-off wave in overseas tech stocks,$BIDU-SW (09888.HK)$ it came under pressure and adjusted, then oscillated around HKD 130, with bulls and bears locked in a stalemate. As of the close on February 25th, the stock was at HKD 128.90.Will this earnings report sound the 'resonance of Wenxin' or remain a 'silent powerhouse'? Join our interactive event with prizes!
[Guess the Opening Price to Win Points]Vote to participate in the prediction$BIDU-SW (09888.HK)$The opening price range on February 27th at 9:30 AM Beijing time. Fellow investors who guess correctly will equally share10,000 points!
Notably, despite profit pressures in Q4, several major banks still see long-term value in its AI strategy. Based on broker reports, target prices for Baidu are mainly concentrated in the HKD 150-216 range (with potential upside of 13%-60%).This means that if tomorrow's earnings release provides positive signals regarding AI commercialization or the spin-off of Kunlun chips, there could be significant valuation recovery.So, are the commercialization of the Wenxin large model, the breakout potential of Kunlun chips, and the global expansion of Luobo Kuaipao, these 'three engines,' ready to take off?
🔥Highlight One: Wenxin Large Model
As the 'heart' of Baidu's AI ecosystem, Wenxin Large Model and its assistant have surpassed 200 million monthly active users, becoming one of the top three domestic AI platforms with over 100 million users!This earnings report will disclose the latest penetration rate of this business, which directly impacts market expectations on when the advertising business will stabilize.
During the 2026 Spring Festival, a 500 million yuan red packet campaign drove explosive growth in new users and feature usage for Wenxin Assistant. More importantly, Wenxin has deeply transformed Baidu's core search business, with generative AI-driven search results continuing to increase. In Q3 2025, Baidu’s AI-native marketing revenue grew 262% year-over-year, becoming a 'cushion' for the traditional advertising business.
🔥Highlight Two: Intelligent Cloud + Kunlun Chip
Baidu’s Intelligent Cloud serves as the 'cash cow' of its AI business. In Q3 2025, AI infrastructure revenue grew 33% year-over-year, with subscription-based AI accelerator infrastructure revenue surging 128%. The growth momentum is expected to accelerate further in Q4.Kunlun Chip, as the core computing power support for the Intelligent Cloud, has become the market’s biggest expectation point regarding its spin-off listing.
In January 2026, Baidu submitted an application for the spin-off listing of Kunlun Chip on the Hong Kong Stock Exchange! JPMorgan predicts that Kunlun Chip’s revenue will soar from approximately 1.3 billion yuan in 2025 to 8.3 billion yuan in 2026 (a six-fold increase). At an average price-to-sales ratio of 10x, its standalone valuation could exceed 80 billion yuan, significantly enhancing Baidu’s overall value.
🔥Highlight Three: Luobo Kuaipao
Baidu Apollo Go (Luobo Kuaipao) has become a key player in the global Robotaxi space. CEO Robin Li has repeatedly stated that 'Robotaxi has reached a tipping point'.Investors will focus on the volume of delivery orders in Q4, as well as the roadmap for scaling profitability and expanding to new overseas cities by 2026.
In Q3 2025, Luobu Kuaipao delivered 3.1 million fully driverless orders, with year-over-year growth accelerating from 148% in Q2 to 212%! In terms of expansion, Luobu Kuaipao has initiated its global layout: securing a fully driverless commercial operation license in Abu Dhabi, planning to launch test operations in London by 2026, while partnering with Uber and Lyft to tap into overseas mobility markets.
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![By the 2026 Spring Festival, the battle for AI dominance will be in full swing, with tech giants burning cash to gain market share. Amidst the lingering competition, the 'silent giant' with 700 million search users $Baidu (BIDU.US)$$BIDU-SW (09888.HK)$ is about to submit its annual report card![Keep Fighting] On February 26th, Beijing time (Thursday), before the US stock market opens, Baidu will release its Q4 2025 and full-year financial results. Market consensus expectations: revenue for this quarter is approximately 32.645 billion yuan, a year-on-year decrease of about 4.33%; earnings per share (EPS) is approximately 6.877 yuan, a year-on-year decline of about 51.77%.The macro pressures on the advertising business have been fully anticipated; the real focus is on:Can the sequential recovery of the AI business support growth guidance for 2026? Amidst the earnings suspense, the stock price movement has also become deadlocked.Looking back at the first trading day of the Year of the Horse, affected by the sell-off wave in overseas tech stocks,$BIDU-SW (09888.HK)$ it came under pressure and adjusted, then oscillated around HKD 130, with bulls and bears locked in a stalemate. As of the close on February 25th, the stock was at HKD 128.90.Will this earnings report sound the 'resonance of Wenxin' or remain a 'silent powerhouse'? Join our interactive event with prizes![Clap] [Gift][Guess the Opening Price to Win Points] Vote to participate in the prediction$BIDU-SW (09888.HK)$The opening price range on February 27th at 9:30 AM Beijing time. Fellow investors who guess correctly will equally share10,000 points! [Let Me See]Value...](https://nnqimage.futunn.com/sns_client_feed/999982/20260225/web-1772017497696-m0aBd19Fgh.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
![By the 2026 Spring Festival, the battle for AI dominance will be in full swing, with tech giants burning cash to gain market share. Amidst the lingering competition, the 'silent giant' with 700 million search users $Baidu (BIDU.US)$$BIDU-SW (09888.HK)$ is about to submit its annual report card![Keep Fighting] On February 26th, Beijing time (Thursday), before the US stock market opens, Baidu will release its Q4 2025 and full-year financial results. Market consensus expectations: revenue for this quarter is approximately 32.645 billion yuan, a year-on-year decrease of about 4.33%; earnings per share (EPS) is approximately 6.877 yuan, a year-on-year decline of about 51.77%.The macro pressures on the advertising business have been fully anticipated; the real focus is on:Can the sequential recovery of the AI business support growth guidance for 2026? Amidst the earnings suspense, the stock price movement has also become deadlocked.Looking back at the first trading day of the Year of the Horse, affected by the sell-off wave in overseas tech stocks,$BIDU-SW (09888.HK)$ it came under pressure and adjusted, then oscillated around HKD 130, with bulls and bears locked in a stalemate. As of the close on February 25th, the stock was at HKD 128.90.Will this earnings report sound the 'resonance of Wenxin' or remain a 'silent powerhouse'? Join our interactive event with prizes![Clap] [Gift][Guess the Opening Price to Win Points] Vote to participate in the prediction$BIDU-SW (09888.HK)$The opening price range on February 27th at 9:30 AM Beijing time. Fellow investors who guess correctly will equally share10,000 points! [Let Me See]Value...](https://nnqimage.futunn.com/sns_client_feed/999982/20260225/web-1772017497795-W3ApktSWc4.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
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