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Baidu shares rose 5% premarket after reports said it and Alibaba are deploying self-developed chips in AI models, reducing reliance on Nvidia amid US curbs. Baidu's Hong Kong stock gained 8.1%. The move boosts optimism on Chinese AI resilience. BIDU is up 34% this year, trailing Alibaba's 86% rally.
short by / 09:22 pm on 12 Sep
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