Cathie Wood’s ARK Invest acquires 157,731 more Alibaba shares

**ARK Invest Increases Alibaba Stake Amid AI Focus**

ARK Invest, led by Cathie Wood, purchased an additional 157,731 shares of Alibaba on November 11. This acquisition reflects ARK Invest’s ongoing strategy to focus on companies driving innovation through artificial intelligence.

The investment firm’s latest purchase represents a continued bet on the Chinese tech giant as Alibaba emphasizes advancements in AI technology. ARK Invest has been steadily increasing its position in Alibaba as part of its broader focus on the recovery of the Chinese technology sector.

Alibaba’s stock has surged by 91% so far this year, highlighting strong investor confidence. The company’s push into artificial intelligence has sparked optimism among investors who recognize the potential in its technological pivot.

This acquisition further strengthens ARK Invest’s existing holdings in Alibaba, reinforcing their commitment to the e-commerce and cloud computing leader as it evolves in the AI era.
https://bitcoinethereumnews.com/tech/cathie-woods-ark-invest-acquires-157731-more-alibaba-shares/

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