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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood Goes Big On Chinese Tech: Ark Invest Places $26 Million Bet On Alibaba And Baidu, Dumps Palantir Stock

Alibaba Baidu Cathie Wood Palantir Ark Invest Alibaba Group Holding Ltd Archer Archer Aviation Archer Aviation Inc Palantir Technologies Inc
Cathie Wood Pivots- Sells Robinhood High, Doubles Down On Bitmine Immersion Amid Eightco Buzz

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 Trade

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