Benzingaยท2025-09-25 10:35Alibaba Trade - Ark Invest's ARKK fund purchased 63,231 shares of Alibaba Group, valued at approximately $11.16 million, amid an 8.19% increase in Alibaba's stock price, which closed at $176.44 [2] - The stock price surge follows CEO Eddie Wu's announcement to expand the company's AI investment, which is expected to enhance global spending and boost growth prospects for Alibaba [2] AMD Trade - Ark Invest's ARKK fund sold 138,432 shares of Advanced Micro Devices Inc. (AMD), with a transaction value of approximately $22.3 million, while AMD's stock closed at $160.88, experiencing a slight decline of 0.01% [3] - The sale occurred after AMD expanded its partnership with Cohere to enhance enterprise AI capabilities using AMD's Instinct GPUs, aiming to provide scalable and secure AI solutions [4] Tempus AI Trade - Ark Invest reduced its stake in Tempus AI by selling 45,299 shares, valued at approximately $3.6 million, following a 5.82% decline in Tempus AI's stock, which closed at $79.23 [4] - This sale follows a previous transaction where Ark sold $5.2 million worth of Tempus AI stock, indicating a trend of consistent offloading of shares by the firm [5] Other Key Trades - Ark Invest's ARKK fund also bought 82,913 shares of Baidu Inc. (BIDU), indicating continued investment activity in the AI sector [6]