Cathie Wood is a contrarian indicator in the US stock market. I usually avoid buying whatever she buys$Invesco QQQ Trust(QQQ.US)$Tesla(TSLA.US)

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Cathie Wood's ARK Invest ETFs made significant portfolio changes, increasing investments in Baidu and WeRide while reducing Tesla holdings. ARK Innovation ETF bought 51,263 Baidu shares for $6.67 million, despite a 3.5% share rise. ARK Autonomous Technology & Robotics ETF acquired 17,326 WeRide shares for $1.60 million. Wood sold 2,100 Tesla shares for $923,118, following a 3.4% share drop. Analysts show strong buy consensus on WeRide, cautious on Baidu and Tesla.

- Cathie Wood's ARK Invest ETFs made significant portfolio changes on December 8, including a $6.67 million purchase of Baidu shares and a shift towards WeRide in autonomous vehicles.  
- The ARK Innovation ETF increased its Baidu holdings despite a 3.5% rise in shares, while also acquiring more WeRide shares after a dip, indicating a strategic focus on Chinese technology.  
- Conversely, Wood continued to reduce her Tesla position, selling 2,100 shares amid a downgrade from Morgan Stanley, reflecting a cautious outlook on both Tesla and Baidu.