Cathie Wood Goes Big On Chinese Tech- Ark Invest Places $26 Million Bet On Alibaba And Baidu, Dumps Palantir Stock

On Wednesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its stake in Alibaba Group (NYSE:BABA) and Baidu (NASDAQ:BIDU), while reducing its holdings in Palantir Technologies (NASDAQ:PLTR) and Archer Aviation (NYSE:ACHR).