Cathie Wood's China Bet: Ark Buys Alibaba's AI Surge And Baidu's Autonomous Future, Dump's Stock Of Crypto-Pivot Brera - ARK Innovation ETF (BATS:ARKK)
Benzinga·2025-10-01 01:26

Baidu Trade - Ark Invest's ARK Innovation ETF purchased 52,388 shares of Baidu, valued at approximately $6.9 million, amid Baidu's expansion of its Apollo Go robotaxi business into new markets [2] - Baidu is in discussions with governments in Australia and Southeast Asia to introduce its autonomous vehicles, following the granting of 50 trial licenses in Dubai [2] Alibaba Trade - ARK Innovation ETF acquired 23,538 shares of Alibaba, valued at around $4.1 million, aligning with Alibaba's recent stock performance driven by its cloud computing and AI initiatives [3] - Alibaba's stock has risen 29% over the past month, recently hitting a 52-week high of $182.15, supported by its AI endeavors [4] - The company's Qwen3-Omni AI system topped Hugging Face's trending model list, outperforming competitors like OpenAI's GPT-4o and Google's Gemini [4] Brera Holdings Trade - Ark Invest's ARKK ETF sold 231,903 shares of Brera Holdings, valued at approximately $6.6 million, following recent volatility in Brera's stock [5] - Brera had a significant rally last month after announcing its Solana Treasury strategy and is set to rebrand as Solmate after a $300 million private equity investment [6] Other Key Trades - ARKG bought 50,222 shares of Intellia Therapeutics Inc., while ARKK purchased 48,592 shares of the same company [7] - ARKX acquired 263,700 shares of JD Logistics Inc. and sold 16,048 shares of Kratos Defense and Security Solutions Inc. [7]