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Cathie Wood Goes Big On Chinese Tech: Ark Invest Places $26 Million Bet On Alibaba And Baidu, Dumps Palantir Stock - Alibaba Gr Hldgs (NYSE:BABA)
Benzinga· 2025-10-16 09:04
On Wednesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its stake in Alibaba Group Holding Ltd (NYSE:BABA) and Baidu Inc (NASDAQ:BIDU), while reducing its holdings in Palantir Technologies Inc (NASDAQ:PLTR) and Archer Aviation Inc (NYSE:ACHR).The Alibaba TradeArk Invest made a substantial purchase of Alibaba shares on Wednesday. The Ark Fintech Innovation ETF (BATS:ARKF) and ARK Innovation ETF (BATS:ARKK) collectively acquired 75,541 shares, valued at approximately $12.5 million ...