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Cathie Wood Makes Trading Blitz: Buys Alibaba Stock Worth $11 Million, Dumps AMD And This AI Stock (CORRECTED) - Alibaba Gr Hldgs (NYSE:BABA)
Benzinga·2025-09-25 10:35

Editor’s Note: The story's headline has been updated to correct a typo.On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Alibaba Group Holding Ltd BABA, Advanced Micro Devices Inc. AMD, and Tempus AI Inc. TEM.The Alibaba TradeARK Innovation ETF ARKK fund purchased 63,231 shares of Alibaba Group. This acquisition, valued at approximately 11.16million,comesamidasurgeinAlibabasstockprice.Thestockclosedat11.16 million, comes amid a surge in Alibaba’s stock price. The stock closed at 176.44, marking an 8.19% increase. This uptick follows news of ...