Ark Invest bought shares of Alibaba, Intellia Therapeutics, and Baidu on Monday. Alibaba and Baidu are Chinese e-commerce stocks with AI potential. Intellia shares have tripled in six months due to gene-editing advancements. Cathie Wood’s Ark Invest continues to make strategic stock purchases, with a focus on high-growth biotech and tech companies. Wall Street analysts have bullish outlooks on Alibaba, citing growth potential in AI cloud business. Baidu, the leading Chinese search engine, is also seeing a rally with potential benefits from the trade war. Chinese stocks like Alibaba and Baidu are rallying, offering investment opportunities.
Read more at Nasdaq: Cathie Wood Goes Shopping: 3 Rising Stocks She Just Bought
