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Cathie Wood’s ARK Invest Shifts Focus to Chinese Tech and Biotech

Cathie Wood’s ARK Invest Shifts Focus to Chinese Tech and Biotech

Author:

Global Cryptocurrency

Published:

2025-11-12 06:29:01

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BTCCSquare news:

Cathie Wood's ARK Invest made significant portfolio adjustments, increasing stakes in Alibaba and Baidu while reducing exposure to Reddit, Exact Sciences, and Iridium Communications. The MOVE capitalizes on recent price dips in Chinese tech giants, with ARK funds deploying approximately $25.36 million into Alibaba alone.

ARK Innovation ETF led the charge with 117,335 Alibaba shares, while ARK Next Generation Internet ETF added 33,415 Baidu shares. The investment firm simultaneously bolstered positions in cutting-edge biotech firms including CRISPR Therapeutics, Tempus AI, and Twist Bioscience, signaling a dual focus on tech and healthcare innovation.

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