<div id="readability-page-1"><div><div>On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving major companies like Alibaba Group Holding Ltd (NYSE:BABA), Shopify Inc (NASDAQ:SHOP), Baidu Inc (NASDAQ:BIDU), and Brera Holdings PLC (NASDAQ:BREA). These trades reflect Ark’s strategic positioning in the evolving tech and AI sectors.<h2>The Alibaba Trade</h2>Ark Invest’s flagship fund, ARK Innovation ETF (BATS:ARKK), acquired 30,137 shares of Alibaba. The transaction, valued at approximately $5.5 million, underscores Ark’s potential confidence in Alibaba’s growth trajectory. Alibaba, a key player in the e-commerce and cloud computing sectors, has been making strides in artificial intelligence. The company’s shares closed at $182.78 for the day. The stock is currently hovering near its 52-week high of $183.08.Notably, Ark acquired 23,538 shares of Alibaba on Tuesday. That transaction was valued at $4.1 million.<h2>The Shopify Trade</h2>In a notable move, Ark Invest’s Ark Fintech Innovation ETF (BATS:ARKF) fund sold 18,440 shares of Shopify. This sale, valued at approximately $2.76 million, comes amid Shopify’s recent surge in stock price, driven by its collaboration with OpenAI’s “Buy it in ChatGPT” feature. This partnership is expected to enhance Shopify’s merchant reach, as over a million merchants are set to benefit from this integration. Shopify’s shares closed at $149.57.<h2>The Baidu Trade</h2>Ark Invest’s ARKK fund also purchased 21,648 shares of Baidu, valued at around $2.97 million. Baidu’s aggressive expansion of its Apollo Go robotaxi business into new markets, including Australia and Southeast Asia, could be a significant factor in this investment. The company recently received 50 trial licenses in Dubai, allowing it to expand its fleet in the UAE. Baidu’s shares saw a 4.3% increase, closing at $137.44.On Tuesday, Ark had purchased 53,388 shares of Baidu worth $6.9 million.<h2>The Brera Holdings Trade</h2>Ark Invest’s ARKK fund sold 100,983 shares of Brera Holdings, amounting to approximately $2.5 million. Brera Holdings recently experienced a dramatic rise in its stock price following its announcement of a Solana (CRYPTO: SOL) treasury strategy. On Wednesday, the stock closed at $24.72, down by 17.6%. Ark sold 231,903 shares of Brera on Tuesday. Earlier in the month, the Wood-led firm had acquired 6,500,001 shares of Brera, which is set to be renamed Solmate, worth nearly $162 million.<h2>Other Key Trades</h2><ul> <li>Draftkings Inc (NASDAQ:DKNG): Ark Invest’s ARKF, ARKK, and ARKW funds collectively bought 511,049 shares. The transaction was valued at nearly $18 million as DKNG closed at $35.16.</li> <li>Roblox Corp (Pre-Reincorporation) (RBLX): ARKW fund sold 37,148 shares.</li> <li>Roku Inc (ROKU): ARKW fund sold 36,697 shares.</li> </ul><ul> <li>‘Dr. Doom’ Nouriel Roubini Doesn’t See A ‘Radical’ Crypto Revolution Coming, Believes Money Systems Will Remain Within State’s Purview</li> </ul>Photo Courtesy: PJ McDonnell on Shutterstock.comThis 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 shares of Alibaba and Baidu while selling Shopify and Brera Holdings. Ark's ARK Innovation ETF bought 30,137 shares of Alibaba for $5.5 million and 21,648 shares of Baidu for $2.97 million, reflecting confidence in their growth. Conversely, Ark sold 18,440 shares of Shopify amid its recent stock surge and offloaded 100,983 shares of Brera Holdings after its stock price spike. Additionally, Ark invested nearly $18 million in Draftkings, showcasing a strategic focus on tech and AI sectors.

- Ark Invest executed significant trades involving major companies like Alibaba, Shopify, Baidu, and Brera Holdings, reflecting its strategic positioning in tech and AI sectors.  
- The ARK Innovation ETF acquired 30,137 shares of Alibaba for $5.5 million, while also purchasing shares of Baidu and selling shares of Shopify and Brera Holdings.  
- These trades indicate Ark's confidence in the growth potential of these companies amid evolving market dynamics.

Cathie Wood Bets Big On Chinese AI: Ark Buys Alibaba And Baidu In Back-to-Back Days, Dumps Shopify Despite Recent OpenAI Rally