To The Moon

Baidu’s September Bullish CatalystsBaidu Apollo is now top two globally in fully autonomous commercial vehicle deployment, with Q2 commercial ride orders up 148% YoY.The AI Cloud business boasts a full-stack solution from chip to application, with subscription AI revenue up 50% YoY in Q2.Baidu signed a major, multi-year AI cloud contract with China Merchants Group, according to industry estimates.Kunlun Chip 3.0 has reached mass production and scaled application, now partially replacing NVIDIA chips for Wenxin LLM training.Rumors are circulating that domestic tech firms are halting purchases of certain NVIDIA chip models, making Baidu—with its own Kunlun chips—a focal point.Market AssessmentThe successful mass production of Kunlun 3.0 and the major AI cloud contract with China Merchants Gr

The FOMC delivered a 25bps rate cut as expected. Powell’s comments about rising inflation and softening employment spooked the market briefly, but these macro issues won’t resolve quickly. The real focus now shifts to economic data over the next three months.Looking ahead, the big October macro event is whether the US and China leaders will meet. My guess is most October puts are hedging this risk. Another wild card: the AI industry is growing far faster than anyone expected, and if you read between the lines, it’s clear that recent policy shifts are all about this underlying trend.We’re standing at a historic inflection point—anything can happen. But one thing is clear: AI demand is exceeding supply, so any pullback in the sector is a buying opportunity.