ATFX Hong Kong stocks: Yesterday, Hong Kong stocks recorded the first recovery in this week, among the Internet stocks, Baidu (9888.HK) shares surged 9%, the biggest rise among blue chips, rose nearly 15% at one point, and continued to open 5.7% higher today, hitting a near seven-month high.

It is reported that Baidu will launch ChatGPt-like AI tools in China in March. The software will be released as a regular application but could later be integrated into Baidu's search engine, according to people familiar with the matter. Baidu also plans to set up a separate website where users can use the tool.

Launched last year by OpenAI, a non-profit artificial intelligence research organization founded by Tesla founder Elon Musk, ChatGPT can be used to generate text, answer questions, and even natural language understanding, and has continued to "fire" in the European and American markets.

Even if there is no official response from Baidu, the capital market has taken the lead in optimistic about the value of "China's version of ChatGPT". Some comments pointed out that once the Baidu version of ChatGPT is made, Baidu will also have ChatGPT technology and search market advantages, it will become China's "OpenAI+Google".

With many big companies seeing AI chatbots as a potential catalyst for Baidu's future performance and stock price, Macquarie raised its adjusted earnings per share forecast by 13 percent this year and 4 percent next year, and expects adjusted operating margin to rise 2.4 percentage points to 18.3 percent this year.

At that time, Baidu will further establish its position as China's largest search engine, and it is also a breakthrough for Baidu to find new growth points. Baidu has been seeking to transform itself into an artificial intelligence company, investing billions of dollars in technology including self-driving cars and chips for AI applications.

ATFX pointed out that the revaluation brought by the latest artificial intelligence progress for Baidu will continue to be positive for the stock price, but a further boost may come from clearer guidance at the fourth quarter results. In addition to the breakthrough of the new business model, under the improvement of the economic and regulatory environment, coupled with the effective cost control strategy implemented since last year, Baidu's profit recovery environment will be more clear.

After two consecutive days of surging Baidu stock price, breaking through the long-term trend line resistance, just came to the high at the end of June last year close to HK $157, if again encountered obstacles will lead to a return to HK $140 below, but the adjustment is expected to rebound again by the performance period, if the new business direction is clear, the short-term is expected to look at the HK $170 target, The key resistance that could trigger a trend correction is at HK $180.