The Baidu share increases in double digits after reports on self -developed chips. Investors see a signal for more independence, for example from Nvidia.
• Baidu develops its own chips, independence from Nvidia in focus
• Baidu share shoots up in two digits
• Alibaba and Tencent benefit in the waters of the rally
Baidu surprises with its own chip strategy
Courageous news on the Asian stock exchanges: Baidu is said to have started using its own processors in training his AI models. The aim is to reduce the dependence on the currently dominant chips of the US chipriesen Nvidia.
According to Dow Jones Newswires, the in-house development is initially used to further develop Baidus Ernie language models. Analysts see this a strategically important step because export restrictive US technology according to China is increasingly under pressure.
Investors celebrate the step: In Hong Kong, the share of the Chinese technology group in the meantime attracts a strong 16.7 percent to $ 132.10.
Mitzieh effect for tech heavyweights
Baidu’s course rally also caused a boost in other heavyweights of the sector. For example, alibaba climbs by 5.02 percent to $ 161.20 Hong Kong, Tencent papers are 2.25 percent more expensive to $ 659.50.
New dynamics for China’s AI industry
With the chip offensive, Baidu could become a pioneer of the domestic semiconductor strategy. If the in -house development prove itself in practice, the company would not only have a technological advantage, but would also withstand geopolitical risks better.
Editor finance.net
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