This week, several stocks caught investors’ attention, driven by significant developments and market momentum. Here’s the breakdown of this week’s trending stocks:
Baidu ($BIDU) Plans Spin-Off and Hong Kong Listing of Kunlunxin
Baidu said it plans to spin off and separately list its AI chip unit, Kunlunxin, in Hong Kong, as the company looks to unlock more value from its fast-growing AI businesses. Kunlunxin focuses on designing AI chips used for data centers and large-scale computing, an area Baidu has been investing in heavily as it builds out its AI ecosystem.
According to the company, the proposed spin-off would allow Kunlunxin to be valued independently, attract investors specifically focused on AI semiconductors, and gain better access to funding as a standalone listed company. Baidu added that the move should also sharpen management accountability at Kunlunxin while supporting Baidu’s broader effort to surface the value of its AI-driven operations.
Baidu confirmed that a confidential listing application has already been submitted to the Hong Kong Stock Exchange. If completed, Kunlunxin would remain a subsidiary of Baidu after the listing.
The company noted that key details, including timing and structure, are still under review and the transaction will depend on regulatory approvals in Hong Kong and mainland China. There is no guarantee the spin-off will proceed or when it may take place.
Stock Price Reaction
Baidu shares jumped about 15% following the announcement.
Warner Bros. Discovery ($WBD) Board Rejects Paramount Skydance Offer
Warner Bros. Discovery ($WBD), a global media and entertainment company behind brands like HBO, CNN, Discovery, and DC, said its board has unanimously rejected an amended takeover offer from Paramount Skydance, arguing it falls short of the company’s existing merger agreement with Netflix.
According to the company, the board believes the Paramount Skydance proposal offers lower value, higher financial risk, and less certainty compared with the Netflix deal announced in December. Warner Bros. Discovery highlighted concerns around the heavy debt required to fund the Skydance offer, the higher chance the transaction could fail to close, and the potential damage to shareholders if the deal were to fall apart.
The board also pointed out that abandoning the Netflix merger would trigger billions of dollars in fees and added costs, which would significantly reduce the net value to shareholders. In contrast, the Netflix agreement provides a mix of cash, stock, and continued ownership in Discovery Global, with fewer restrictions and stronger financial backing.
Warner Bros. Discovery said it remains fully committed to completing the Netflix transaction and is urging shareholders not to tender their shares into the Paramount Skydance offer.
Stock Price Reaction
$WBD shares were largely flat following the announcement.
Mobileye ($MBLY) Acquires Mentee Robotics to Expand Into Humanoid AI
Mobileye ($MBLY), known for its self-driving and driver-assistance technology used by major automakers, announced it will acquire Mentee Robotics, an AI-first humanoid robotics company. The deal marks Mobileye’s clearest step beyond vehicles and into physical AI—systems that can understand their surroundings and safely operate in the real world alongside people.
According to the company, the acquisition combines Mobileye’s experience building safety-critical AI at global scale with Mentee’s humanoid robot platform, which is designed to learn tasks quickly and operate autonomously without constant human control. Mentee has spent the last four years developing robots intended for real-world use in factories, warehouses, and industrial settings rather than research labs.
Mobileye said autonomous driving and humanoid robotics share many of the same challenges, including understanding complex environments, predicting human behavior, and making reliable real-time decisions under strict safety constraints. By bringing the two teams together, the company believes advances in robotics can strengthen its self-driving technology, while its automotive safety frameworks can help accelerate humanoid robot deployment.
The transaction values Mentee at roughly $900 million, paid through a mix of cash and Mobileye stock. After closing, expected in the first quarter of 2026, Mentee will operate as an independent unit within Mobileye. Initial customer pilots are expected in 2026, with broader production and commercialization targeted for 2028.
Stock Price Reaction:
$MBLY shares jumped about 15% intraday after the announcement but gave back some gains by the close.
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