--- title: "AVGO, BABA, META, ACHR, BIDU: Cathie Wood Loads Up on AI Tech Pullbacks, Trims Air Taxi Pioneer and Baidu — 6/5/26" type: "News" locale: "en" url: "https://longbridge.com/en/news/288855389.md" description: "Cathie Wood's ARK Invest made significant portfolio adjustments on June 4, aggressively buying tech pullbacks. Major purchases included Alibaba ($31.2M), Meta ($25M), and Broadcom ($10.8M). The firm also increased crypto exposure via Coinbase and Circle. Conversely, ARK trimmed positions in Archer Aviation ($3.06M sold) and significantly reduced its stake in Baidu ($64M sold), continuing recent reductions." datetime: "2026-06-05T11:27:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288855389.md) - [en](https://longbridge.com/en/news/288855389.md) - [zh-HK](https://longbridge.com/zh-HK/news/288855389.md) --- # AVGO, BABA, META, ACHR, BIDU: Cathie Wood Loads Up on AI Tech Pullbacks, Trims Air Taxi Pioneer and Baidu — 6/5/26 Cathie Wood's ARK Invest ETFs (exchange-traded funds) made several portfolio adjustments on Thursday, June 4, according to the firm's daily trade disclosures. The star investor aggressively targeted major tech pullbacks, piling millions into semiconductor giant **Broadcom (AVGO)**, **Alibaba (BABA)**, and **Meta Platforms (META)**, while trimming her position in electric air-taxi pioneer **Archer Aviation (ACHR)**. ### Claim 55% Off TipRanks Double your ACHR exposure with Tradr's ARCX ## **What Did Cathie Wood Buy on June 4?** **Alibaba (BABA)** – ARK's largest purchase of the day was Alibaba, the Chinese e-commerce and cloud computing company. Wood bought 245,342 shares through the ARK Innovation ETF (ARKK) for about $31.2 million. The purchase came just a day after ARK added another 30,273 Alibaba shares worth roughly $4 million, showing continued confidence in the stock. Alibaba fell 0.98% on Thursday and is down 13.21% year-to-date. Despite the recent weakness, Wall Street analysts maintain a Strong Buy consensus rating on the shares, with an average price target of $189.89, implying more than 50% upside potential. **Meta Platforms (META)** – ARK also increased its position in Meta Platforms, the social media and artificial intelligence company. Wood purchased 40,078 shares through ARKK, valued at nearly $25 million. Meta stock gained 0.74% on Thursday. Analysts currently rate the stock a Strong Buy. **Broadcom (AVGO)** – ARK also took advantage of Broadcom's sharp post-earnings decline, buying 22,528 shares across multiple ETFs for about $10.8 million. The semiconductor stock plunged 12.59% on Thursday after the company's AI outlook fell short of Wall Street's lofty expectations, despite reporting better-than-expected Q2 revenue. The move suggests Wood saw the pullback as a buying opportunity. Analysts currently rate AVGO a Strong Buy with an average price target of $505.78, implying about 21% upside. **Coinbase (COIN)** and **Circle Internet Group (CRCL)** – ARK also increased its exposure to the crypto sector, buying 17,698 shares of cryptocurrency exchange Coinbase through the ARKK ETF for about $2.9 million. In addition, the firm purchased 13,973 shares of Circle, worth roughly $1.26 million. ## **Here's What Wood Sold** **Archer Aviation (ACHR)** – Wood also trimmed ARK's position in Archer Aviation, one of the leading eVTOL (electric vertical takeoff and landing) aircraft companies. The firm sold 468,673 shares across its ARKK, ARKQ, and ARKX ETFs for roughly $3.06 million. Archer shares fell 2.3% on Thursday and are down 13.16% year-to-date. Despite the recent weakness, Wall Street maintains a Strong Buy consensus rating on the stock, with an average price target of $12.20, implying more than 91% upside potential. **Baidu (BIDU)** – Wood continued trimming ARK's stake in Baidu, selling 482,352 shares across the ARKK ETF and ARK Autonomous Technology & Robotics ETF (ARKQ) for nearly $64 million. The sale follows several recent reductions in the Chinese search and AI company. Baidu shares gained 1.6% on Thursday. ## **Wood's Strategic Portfolio Shuffle** Let's see how these stocks perform using the TipRanks Stock Comparison Tool. Most of the stocks mentioned above carry a Strong Buy consensus rating from analysts. Archer offers the highest implied upside at 91%, followed by Circle Internet Group at 65% and Alibaba at 51%, based on analysts' average price targets. ### Related Stocks - [ACHR.US](https://longbridge.com/en/quote/ACHR.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [CRCG.US](https://longbridge.com/en/quote/CRCG.US.md) - [AVGX.US](https://longbridge.com/en/quote/AVGX.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [COIW.US](https://longbridge.com/en/quote/COIW.US.md) - [AVS.US](https://longbridge.com/en/quote/AVS.US.md) - [CRCD.US](https://longbridge.com/en/quote/CRCD.US.md) - [AVGG.US](https://longbridge.com/en/quote/AVGG.US.md) - [CONI.US](https://longbridge.com/en/quote/CONI.US.md) - [FIAT.US](https://longbridge.com/en/quote/FIAT.US.md) - [BSOL.US](https://longbridge.com/en/quote/BSOL.US.md) - [AVGU.US](https://longbridge.com/en/quote/AVGU.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [CONY.US](https://longbridge.com/en/quote/CONY.US.md) - [ARKX.US](https://longbridge.com/en/quote/ARKX.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [CRCA.US](https://longbridge.com/en/quote/CRCA.US.md) - [ARCX.US](https://longbridge.com/en/quote/ARCX.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [COIG.US](https://longbridge.com/en/quote/COIG.US.md) - [AVGW.US](https://longbridge.com/en/quote/AVGW.US.md) - [METD.US](https://longbridge.com/en/quote/METD.US.md) - [AVL.US](https://longbridge.com/en/quote/AVL.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [GSOL.US](https://longbridge.com/en/quote/GSOL.US.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) ## Related News & Research - [Broadcom (NASDAQ:AVGO) Releases Earnings Results](https://longbridge.com/en/news/288643037.md) - [Broadcom's Q2 revenue slightly misses estimates on modest infrastructrure software growth](https://longbridge.com/en/news/288624530.md) - [3 Artificial Intelligence (AI) Stocks to Buy and Hold for the Next Decade](https://longbridge.com/en/news/288892529.md) - [Meta made its own AI-generated clickbait news feed](https://longbridge.com/en/news/288934190.md) - [What Is Going On With Meta Platforms Stock On Wednesday?](https://longbridge.com/en/news/288607828.md)