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Barchart
Barchart
Aditya Raghunath

Cathie Wood Is Fueling the U.S.-China AI Race with This 1 Stock Buy

Cathie Wood Baidu Stock China BIDU Kunlunxin Robin Li ARK Ark Invest

Cathie Wood is not known for sitting on the sidelines. The ARK Invest founder has a long history of making bold bets on disruptive technology, and her latest move is turning heads.

Last week, Wood added more than $12 million worth of Baidu (BIDU) stock across ARK Invest's exchange-traded funds. It's a notable call at a time when the competition between artificial intelligence in the U.S. and China is heating up.

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