HK Movers | Baidu Soars Nearly 5% as New AI Model Launch Boosts Investor Confidence

Baidu's stock surged nearly 5% to HK$111.10 on Wednesday, driven by the company's latest advancements in artificial intelligence technology.

The primary catalyst for the stock's upward movement appears to be the official release of Wenxin Large Model X1.1, announced at the WAVE SUMMIT Deep Learning Developers Conference 2025. This advanced AI model demonstrates significant improvements over its predecessor, with a 34.8% increase in factuality, a 12.5% enhancement in instruction following, and a 9.6% boost in AI agent capabilities. Notably, Wenxin Large Model X1.1's performance surpasses that of DeepSeek R1-0528 in multiple benchmark evaluations and is reportedly on par with top international models like GPT-5 and Gemini 2.5 Pro.

Adding to the positive sentiment, Baidu recently awarded its prestigious "Baidu Highest Award" to a 10-member AI team for their breakthrough in multimodal technology. This $1 million prize underscores the company's commitment to AI innovation and its potential impact on Baidu's core products. Founder Robin Li emphasized that 65% of Baidu search results already incorporate AI-generated content, signaling a significant shift in the company's search capabilities.

The stock's rise also comes amidst a broader upward trend, with Baidu shares having climbed for eight consecutive trading days, marking its best performance since October 2024.