Cathie Wood bought 2 China concept stocks today, totaling $21 million, and sold $22 million worth of AMD

Last night, U.S. stocks continued to decline slightly, with the entire sector performing weakly. Apple, NVIDIA, and Google all saw pullbacks. The Nasdaq closed down 0.33%, a modest drop.

Cathie Wood bought $10 million worth of Alibaba today. Yesterday's news revealed that Alibaba is personally stepping in to participate in major AI investments.

Alibaba is actively advancing a three-year, 380 billion yuan AI infrastructure construction plan and will continue to increase its investments.

Two days ago, NVIDIA announced an investment of up to $100 billion in OpenAI, with its stock closing up 3.9% that day, hitting a record high. This time, it's Alibaba. As long as these big companies latch onto the AI trend, it's like grabbing a lifeline. Right now, AI is indeed the mainstream trend, symbolizing the arrival of the Fourth Industrial Revolution.

Bought $11 million worth of Baidu. Lately, Cathie Wood seems to have some insider info—she's been able to time her moves perfectly, whether it's Pony.ai or Baidu. After buying, the stocks rise. Last night, these three Chinese concept stocks didn't disappoint, all closing higher 🐮

Baidu will obtain a Dubai autonomous vehicle testing license and, together with Dubai's Roads and Transport Authority, plans to expand its fleet of self-driving cars to over 1,000 within three years.

Sold $22 million worth of AMD. This is already a significant move. As the perpetual runner-up, AMD tends to follow the market down but not up. Last night, the tech sector was weak, and AMD was no exception. It just needs a good AI story to push its stock price higher.

Sold $3.7 million worth of TEM but didn't sell ROKU today. Looking at the recent trend, it seems like the good news has run its course. Since hitting its peak, the stock has been on a steady decline. Another factor is that Cathie Wood has been selling, which could influence retail investors' decisions ☹️

Today's 9.24 Trading Records

ARKK

Buy Orders:
BABA: 63,231 shares | Weight: 0.1320%
BIDU: 82,913 shares | Weight: 0.1311%

Sell Orders:
TEM: 45,299 shares | Weight: 0.0440%
AMD: 138,432 shares | Weight: 0.2632%