On May 29, Baidu Group-SW rose 3.18% in regular trading, reaching 129.6 HKD per share, with trading volume of approximately 80.41 million HKD. The move followed Baidu's US-listed shares closing up 2.43% overnight at $129.91, providing a positive lead for the Hong Kong session.

On the news front, multiple investment banks maintained buy ratings and raised price targets on Baidu following its Q1 earnings release. Although net profit attributable to shareholders fell 55.4% year-over-year to 3.445 billion yuan, AI business revenue surged 49% to 13.6 billion yuan, surpassing 50% of total revenue for the first time — a milestone that has gained institutional recognition for the company's transformation progress.

Additionally, Baidu recently signed a strategic cooperation agreement with Shanghai Pudong Development Bank. The two parties will deepen collaboration in cash management, cross-border finance, domestic IT infrastructure migration, and AI empowerment, further expanding AI-driven financial application scenarios. After short-term earnings pressure was largely digested on May 28, signs of capital inflow have emerged as the market refocuses on Baidu's AI growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)