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Ark Invest Dumps AMD Stock, Doubles Down On Chinese Tech Giants Alibaba And Baidu - ARK Fintech Innovation ETF (BATS:ARKF), Advanced Micro Devices (NASDAQ:AMD)
Benzingaยท2025-10-24 01:07

Group 1: Alibaba Trade - Ark Invest made substantial purchases of 68,939 shares of Alibaba across multiple ETFs, totaling nearly $11.85 million at a stock price of $171.90 [2][3] Group 2: Baidu Trade - Ark Invest acquired 54,194 shares of Baidu, valued at approximately $6.5 million with the stock closing at $120.48, following Baidu's partnership with PostBus for an autonomous mobility service in Switzerland [4] Group 3: AMD Trade - Ark Invest sold 9,910 shares of AMD through its ARKW fund, amounting to about $2.3 million at a closing price of $234.99, amid market volatility related to leaked specifications of future Ryzen chips [5] Group 4: Tempus AI Trade - Ark Invest sold 57,247 shares of Tempus AI, valued at $4.98 million with the stock closing at $87.04, following a study by Tempus subsidiary Ambry Genetics on proactive exome reanalysis [6] Group 5: Other Key Trades - Additional trades included selling shares of SoFi Technologies, Roku, Shopify, and Roblox across various funds, indicating a broader strategy in managing the portfolio [9]