Cathie Wood Makes Trading Blitz: Buys Alibaba Stock Woth $11 Million, Dumps AMD And This AI Stock - Alibaba Gr Hldgs (NYSE:BABA)
On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Alibaba Group Holding Ltd BABA, Advanced Micro Devices Inc. AMD, and Tempus AI Inc. TEM.The Alibaba TradeARK Innovation ETF ARKK fund purchased 63,231 shares of Alibaba Group. This acquisition, valued at approximately 176.44, marking an 8.19% increase. This uptick follows news of CEO Eddie Wu’s announcement to expand the company’s AI investment. Ali ...