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Cathie Wood Boosts Alibaba Stake Amid Wall Street Optimism

Cathie Wood Boosts Alibaba Stake Amid Wall Street Optimism

Author:

Global Cryptocurrency

Published:

2025-10-16 03:17:01

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BTCCSquare news:

Cathie Wood's ARK Invest has acquired $12.3 million worth of Alibaba shares across three ETFs, signaling confidence in the Chinese e-commerce giant's cloud and AI initiatives. The stock has surged 98% year-to-date, buoyed by cost-cutting measures and China's consumer spending recovery.

Analysts maintain a Strong Buy consensus, with Jefferies' Thomas Chong reiterating a $230 price target. Alibaba's strategic pivot toward high-growth sectors continues to attract institutional investors despite regulatory headwinds.

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