ARK Invest's Cathie Wood Buys Crypto & Chinese Stocks, Forecasts Huge 2026 Rebound
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Cathie Wood of ARK Invest is capitalizing on a perceived "generational" buying opportunity in crypto, investing nearly $50 million in crypto-exposed equities like Coinbase and Robinhood, despite a sector-wide decline. Additionally, she is re-entering the Chinese market, investing $16.3 million in Alibaba and increasing her stake in Baidu. However, with the market facing potential volatility and risks, Wood's concentrated investment strategy raises concerns about significant downturns, as seen in previous years.
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