<div id="readability-page-1"><div><div>On Monday, Cathie Wood-led Ark Invest made significant trades involving Alibaba Group Holding Ltd BABA, Baidu Inc. BIDU, Pony AI Inc. PONY, and Oklo Inc. OKLO.<h2>The Alibaba Trade</h2>Ark Fintech Innovation ETF ARKF and ARK Next Generation Internet ETF ARKW funds collectively acquired 99,090 shares of the Jack Ma-co-founded company on Monday. With Alibaba’s stock closing at $164.25, the total value of these purchases amounts to approximately $16.3 million. Alibaba recently unveiled a high-performance processor aimed at challenging Nvidia dominance in China. This move is part of Alibaba’s broader strategy to enhance its hardware and AI capabilities. BABA stock has popped over 30% in 30 days, with year-to-date returns at 93.3%.<h2>The Baidu Trade</h2>The ARK Autonomous Technology &amp; Robotics ETF ARKQ fund purchased 21,245 shares of Baidu, valued at approximately $2.90 million based on the closing price of $136.63. Baidu, alongside other Chinese tech giants, has seen a surge in investor confidence due to increased AI spending and product launches. This trend is supported by recent insights highlighting the rapid monetization of AI technologies by Chinese companies.<h2>The Pony AI Trade</h2>ARKQ acquired 103,002 shares of Pony AI, totaling around $2.1 million at the closing price of $20.56. Pony AI is expanding its presence in Singapore, partnering with ComfortDelGro to introduce autonomous vehicles. This initiative aligns with Singapore’s vision for autonomous public transport.<h2>The Oklo Trade</h2><div>Ark Invest’s ARKQ fund sold 54,936 shares of Oklo, valued at approximately $7.70 million with the stock closing at $140.30. Oklo recently hit a 52-week high, driven by positive analyst sentiment and increased government support for nuclear energy. Benzinga reports that Wedbush has raised Oklo’s price target to $150, citing its strategic position in the AI and nuclear sectors.</div><h2>Other Key Trades</h2><ul> <li>Arcturus Therapeutics Holdings Inc (ARCT): ARKG bought 10,505 shares.</li> <li>Roblox Corp (RBLX): ARKW sold 20,019 shares.</li> <li>Shopify Inc (SHOP): ARKW sold 17,428 shares.</li> </ul>Benzinga's Edge Stock Rankings indicate Alibaba stock has a momentum in the 87th percentile and Growth in the 91st percentile. Here is how it compares against the chip giant Nvidia.<ul> <li>Opendoor Is ‘Total Garbage,’ This Hedge Fund Manager Says: ‘The Business Model Does Not Work’</li> </ul>Photo: ChrisStock82 / ShutterstockThis story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal</div></div></div>

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Cathie Wood's Ark Invest made significant trades, acquiring $16.3 million in Alibaba shares, 21,245 shares of Baidu for $2.90 million, and 103,002 shares of Pony AI for $2.1 million. The firm sold 54,936 shares of Oklo, valued at $7.70 million. Alibaba's stock has surged over 30% in 30 days, while Baidu benefits from increased AI spending. Pony AI is expanding in Singapore, and Oklo recently reached a 52-week high. Other trades included shares of Arcturus Therapeutics, Roblox, and Shopify.

- Ark Invest, led by Cathie Wood, made significant trades on Monday, acquiring shares in Alibaba, Baidu, Pony AI, and Oklo.  
- The trades included 99,090 shares of Alibaba, valued at approximately $16.3 million, as the company aims to enhance its AI capabilities, while Baidu saw a purchase of 21,245 shares worth about $2.90 million amid rising investor confidence in AI.  
- Additionally, Ark sold shares of Oklo, valued at around $7.70 million, as the company benefits from increased government support for nuclear energy.

Cathie Wood's China Bet: Ark Drops $16.3 Million On Red-Hot Alibaba, Picks Up Baidu And Pony AI Stocks — Sells Oklo Shares