Cathie Wood Bets Big On Chinese AI: Ark Buys Alibaba And Baidu In Back-to-Back Days, Dumps Shopify Despite Recent OpenAI Rally - Alibaba Gr Hldgs (NYSE:BABA)

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving major companies like Alibaba Group Holding Ltd (NYSE:BABA), Shopify Inc (NASDAQ:SHOP), Baidu Inc (NASDAQ:BIDU), and Brera Holdings PLC (NASDAQ:BREA). These trades reflect Ark’s strategic positioning in the evolving tech and AI sectors.The Alibaba TradeArk Invest’s flagship fund, ARK Innovation ETF (BATS:ARKK), acquired 30,137 shares of Alibaba. The transaction, valued at approximately $5.5 million, underscores Ark’s potential con ...