US Stock Market Move | Baidu Inc Sponsored ADR Class A (BIDU.US) rose nearly 5%. The Wenxin large model 5.1 made a breakthrough progress.

On Monday, Baidu Inc Sponsored ADR Class A (BIDU.US) rose nearly 5% to $147.97. In terms of news, Baidu Inc Sponsored ADR Class A recently officially launched its latest generation of the foundational large model - Wenzin Model 5.1, which has made breakthrough progress in pre-training costs and performance with its independently developed "multidimensional elastic pre-training" technology. According to test data, Wenzin 5.1 achieves a comprehensive leading effect with only about 6% of the pre-training cost of models of the same scale in the industry, and tops the domestic ranking of the international authority list LMArena search list with 1223 points, ranking first in China and fourth globally, becoming the only domestic large model to make the list. Citi's latest research report states that Kunlun Xinyi, a subsidiary under Baidu Inc Sponsored ADR Class A, is planning to list on the Shanghai Science and Technology Innovation Board while applying for a listing in Hong Kong. The bank expects the management to disclose more information related to the listing at the first quarter performance conference call on May 18, and anticipates that the Baidu Inc Sponsored ADR Class A AI Developer Conference on May 13-14 will announce the latest progress of full-stack AI products. Citi predicts that Baidu Inc Sponsored ADR Class A's first-quarter AI cloud infrastructure revenue will grow by 45% year-on-year, and this sector will account for 56% of Baidu Inc Sponsored ADR Class A's AI-driven total revenue. The bank maintains a "buy" rating and a $186 target price for Baidu Inc Sponsored ADR Class A, believing that despite the rebound in the stock price, the valuation is still not high, and the potential listing of Kunlun Xinyi and the proposed dividend payment by Baidu Inc Sponsored ADR Class A within the year are upside catalysts.