百度集團-SW（09888）反覆走高漲4.31% 機構看好其全棧式AI佈局、崑崙芯迭代節奏及上市預期

金吾財訊

07/31

金吾財訊 | 百度集團-SW（09888）反覆走高，最新報106.50港元，漲幅4.31%，成交額4.63億港元。國盛證券最新研報指，對於百度這類具備全棧AI能力（崑崙芯、百度智能、文心大模型及一系列Agent產品）的平台，強大的基礎模型是支撐下游應用生態與商業變現的核心底座。隨着大模型競爭的持續演進，人才密度與組織能力或將是行業競爭的關鍵。該機構看好百度買芯、模體評的全棧式AI佈局、崑崙芯的迭代節奏及上市預期，考慮到大模型等各環節的研發均需要持續投入大量資金，預計公司2026-2028收入為1272/1357/1505億元；non-GAAP歸母淨利146/170/194億元。基於百度整體業務20x2027eP/E及參股公司估值，給予135港元/138美元的目標價，重申「買入」評級，

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href=\"https://laohu8.com/S/09888\">百度集團-SW</a>（09888）反覆走高，最新報106.50港元，漲幅4.31%，成交額4.63億港元。<a href=\"https://laohu8.com/S/002670\">國盛證券</a>最新研報指，對於<a href=\"https://laohu8.com/S/BIDU\">百度</a>這類具備全棧AI能力（崑崙芯、百度智能、文心大模型及一系列Agent產品）的平台，強大的基礎模型是支撐下游應用生態與商業變現的核心底座。隨着大模型競爭的持續演進，人才密度與組織能力或將是行業競爭的關鍵。該機構看好百度買芯、模體評的全棧式AI佈局、崑崙芯的迭代節奏及上市預期，考慮到大模型等各環節的研發均需要持續投入大量資金，預計公司2026-2028收入為1272/1357/1505億元；non-GAAP歸母淨利146/170/194億元。基於百度整體業務20x2027eP/E及參股公司估值，給予135港元/138美元的目標價，重申「買入」評級，</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>百度集團-SW（09888）反覆走高漲4.31% 機構看好其全棧式AI佈局、崑崙芯迭代節奏及上市預期</title>\n<style 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href=\"https://laohu8.com/S/09888\">百度集團-SW</a>（09888）反覆走高，最新報106.50港元，漲幅4.31%，成交額4.63億港元。<a href=\"https://laohu8.com/S/002670\">國盛證券</a>最新研報指，對於<a href=\"https://laohu8.com/S/BIDU\">百度</a>這類具備全棧AI能力（崑崙芯、百度智能、文心大模型及一系列Agent產品）的平台，強大的基礎模型是支撐下游應用生態與商業變現的核心底座。隨着大模型競爭的持續演進，人才密度與組織能力或將是行業競爭的關鍵。該機構看好百度買芯、模體評的全棧式AI佈局、崑崙芯的迭代節奏及上市預期，考慮到大模型等各環節的研發均需要持續投入大量資金，預計公司2026-2028收入為1272/1357/1505億元；non-GAAP歸母淨利146/170/194億元。基於百度整體業務20x2027eP/E及參股公司估值，給予135港元/138美元的目標價，重申「買入」評級，</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"89888","symbol_name":"百度集團-WR","start_time":0,"source_url":"1987208","article_id":"2655355923","we_media_id":"1086022552","thumbnails":["https://static.szfiu.com/news/20250110/OTZhY2RjY2M0NGRhYmE3MDgxYTI5ZDA4OTNlODY4MjM3MDk5ODc3.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2655355923","pubTimestamp":1785465425,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"金吾財訊","introduction":"「金吾财讯」以精准用户需求为切入点，打造一站式港美股投资细分领域品牌。依托战略合作伙伴凤凰网财经，将港美股内容传播到全球华人圈。","home_visible":1,"id":"1086022552","head_image":"https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c"},"summary":"金吾財訊 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