Cathie Wood’s ARK Invest Shifts Portfolio Away from U.S. Tech, Boosts Baidu and Biotech
Cathie Wood's ARK Invest executed significant portfolio adjustments on October 24, 2025, reducing exposure to high-flying U.S. tech stocks while increasing bets on Chinese tech and biotech sectors. The ARK Innovation ETF (ARKK) sold $5.57 million worth of AMD shares amid profit-taking in semiconductor names, following the stock's strong 2025 performance driven by AI chip demand.
The firm also trimmed positions in Shopify ($6.53 million), Palantir, and Roblox, signaling a broader rotation away from e-commerce and data analytics plays. Meanwhile, ARK allocated fresh capital to Baidu and biotech firms Pacific Biosciences and Arcturus Therapeutics, reflecting Wood's continued emphasis on disruptive innovation across geographic markets.