Cathie Wood Buys What This Billionaire Is Selling: Ark Adds Amazon And Alibaba Stock, Dumps This Chip Giant
Yahoo Finance·2026-03-06 21:30

Group 1: Amazon Trade - Ark Invest acquired a total of 66,934 shares of Amazon.com across multiple funds, including ARK Blockchain & Fintech Innovation ETF, ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF, ARK Next Generation Internet ETF, and ARK Space & Defense Innovation ETF [2][3] - The total value of the Amazon transaction was approximately $14.5 million, based on a closing price of $216.82 per share [3] - Amazon reported fourth-quarter revenue of $213.39 billion, exceeding estimates, and announced plans to increase capital expenditures to $200 billion while committing $50 billion to OpenAI under a new multi-year partnership [4] Group 2: Alibaba Trade - Ark Invest increased its stake in Alibaba by purchasing 19,583 shares through ARKK and ARKW, valued at around $2.6 million at a closing price of $133.27 [5] - This acquisition follows leadership changes in Alibaba's AI division, with the head of the Qwen AI division stepping down shortly after the launch of new AI products [5][6] - The Qwen AI division experienced a significant increase in monthly active users, rising to 203 million in February from 31.05 million in January [6] Group 3: Joby Aviation Trade - Ark Invest acquired 200,856 shares of Joby Aviation through ARKQ and ARKX, valued at approximately $2 million based on a closing price of $9.89 [6] - Joby Aviation reported an EPS of -$0.14, beating estimates by 30%, and revenue increased to $30.78 million year over year [7]

Cathie Wood Buys What This Billionaire Is Selling: Ark Adds Amazon And Alibaba Stock, Dumps This Chip Giant - Reportify