A major Asian search giant is catching serious attention from Wall Street analysts lately. The buzz? Their semiconductor division Kunlunxin might be heading for a public debut soon.

Multiple financial analysts are turning increasingly optimistic on the stock, largely betting on the potential value unlock from spinning off the chip-making arm. The semiconductor unit has been developing AI accelerators and custom processors, carving out its own space in China's push for chip independence.

The timing feels deliberate - tech IPOs are heating up again, and there's clearly appetite for exposure to AI infrastructure plays. If the listing materializes, it could provide a clearer picture of how the market values their silicon efforts separate from the core search business.

For investors watching the Asian tech space, this could be one of those moments where hidden divisions finally get their own spotlight and valuation.