Cathie Wood Invests in Self-Driving Truck Company and Chinese AI Stocks
Cathie Wood's investment company made important trades on Thursday, buying shares in major companies like Alibaba and Baidu.
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Ark Invest made several big trades on Thursday. They bought 14,453 Alibaba shares worth $2.74 million. Alibaba's mapping app became very popular during China's holiday.
They also bought 45,478 Baidu shares for $6.4 million. Baidu is growing its robot taxi business in other countries like Australia. Ark sold 44,209 Brera Holdings shares for $1.1 million after buying many shares last month.
They bought 190,165 Kodiak AI shares for $1.3 million. This company makes trucks that drive themselves. George Soros also invested in this company.
These trades show that Ark likes companies that use new technology.
Original Article
benzinga.comhttps://www.benzinga.com/markets/equities/25/10/48009528/cathie-wood-hitches-a-ride-on-george-soros-backed-driverless-truck-company-kodiak-ai-doubles-dow