<div id="readability-page-1"><div><div>On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Alibaba Group Holding Ltd BABA, Advanced Micro Devices Inc. AMD, and Tempus AI Inc. TEM.<h2>The Alibaba Trade</h2>ARK Innovation ETF ARKK fund purchased 63,231 shares of Alibaba Group. This acquisition, valued at approximately $11.16 million, comes amid a surge in Alibaba’s stock price. The stock closed at $176.44, marking an 8.19% increase. This uptick follows news of CEO Eddie Wu’s announcement to expand the company’s AI investment. Alibaba’s focus on AI infrastructure is expected to accelerate global spending, potentially boosting the company’s growth prospects.<h2>The AMD Trade</h2>In a contrasting move, Ark Invest’s ARKK fund sold 138,432 shares of AMD, amounting to a transaction value of approximately $22.3 million. AMD’s stock closed at $160.88, experiencing a slight decline of 0.01%. This sale follows AMD’s expanded partnership with Cohere to enhance enterprise AI capabilities using AMD’s Instinct GPUs. The collaboration aims to provide enterprises and governments with scalable, secure, and efficient AI solutions, bolstering AMD's momentum in the data center and AI markets.<h2>The Tempus AI Trade</h2>Ark Invest also reduced its stake in Tempus AI by selling 45,299 shares through the ARKK fund. The sale, valued at approximately $3.6 million, follows a recent decline in Tempus AI’s stock, which closed at $79.23, down by 5.82%. This move comes after Tempus AI received FDA clearance for its RNA-based device, a milestone that had previously driven the stock higher. On Tuesday, Ark had sold $5.2 million worth of Tempus AI stock. The firm has been consistently offloading shares recently.Benzinga's Edge Stock Rankings show that Alibaba stock has a Quality in the 36th percentile. Here is how it stacks up against other big AI heavyweights.<h2>Other Key Trades:</h2><ul> <li>Baidu Inc. BIDU: Ark Invest’s ARKK fund bought 82,913 shares.</li> </ul><ul> <li>These 2 Small Regional Banks Are Turning Up The Heat: Growth Score Spikes Amid Strong Earnings</li> </ul>Photo Courtesy: Ira Lichi On Shutterstock.comThis story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal</div></div></div>

Baidu Q4 2024 Financial Results

Cathie Wood's Ark Invest made significant trades, purchasing 63,231 shares of Alibaba for $11.16 million amid an 8.19% stock price increase, following CEO Eddie Wu's AI investment expansion announcement. Conversely, Ark sold 138,432 shares of AMD for $22.3 million, as AMD's stock slightly declined after a partnership with Cohere. Additionally, Ark reduced its stake in Tempus AI by selling 45,299 shares for $3.6 million, following a 5.82% drop in its stock price. Other trades included buying 82,913 shares of Baidu.

- Ark Invest, led by Cathie Wood, made significant trades on Wednesday, acquiring 63,231 shares of Alibaba for approximately $11.16 million amid a stock price surge.  
- The fund sold 138,432 shares of AMD for about $22.3 million following AMD's partnership with Cohere to enhance AI capabilities, while also reducing its stake in Tempus AI by selling 45,299 shares valued at around $3.6 million.  
- These trades reflect strategic adjustments in response to market movements and company developments, including Alibaba's AI investment expansion and recent declines in Tempus AI's stock.

Cathie Wood Makes Trading Blitz: Buys Alibaba Stock Woth $11 Million, Dumps AMD And This AI Stock