Chasing after others' buying can sometimes work, as long as investors have their own unique reason to buy, founded upon sound fundamentals. Recently, Cathie Wood from Ark Innovation ETF (NYSEARCA: ARKK) chose to expand her horizons beyond the United States technology sector, finding opportunities for undervalued blue chips in China and deploying a few million into some of the biggest names in Asia’s powerhouse.
Her choice centered around shares of Alibaba Group (NYSE: BABA) and Baidu Inc. (NASDAQ: BIDU) as they are now beginning to expand their exposure into the global artificial intelligence race, not to mention a diversified business model attached to one of the world’s fastest-growing middle classes for future consumption activity and data collection.
