On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Baidu Inc. (NASDAQ: BIDU), Alibaba Group Holding Ltd. (NYSE: BABA), and Brera Holdings PLC (NASDAQ: BREA).
### Baidu Trade
The Baidu Trade within the ARK Innovation ETF (BATS: ARKK) saw the purchase of 52,388 shares of Baidu. Valued at approximately $6.9 million, this trade comes amid Baidu’s aggressive expansion of its Apollo Go robotaxi business into new markets. Baidu is currently in talks with governments in Australia and Southeast Asia to introduce its autonomous vehicles. This expansion follows the granting of 50 trial licenses in Dubai, allowing Baidu to expand its fleet in the UAE, according to recent reports.
### Alibaba Trade
ARKK acquired 23,538 shares of Alibaba, the Jack Ma-founded company. The transaction, valued at around $4.1 million, aligns with Alibaba’s recent strong stock performance, which has been buoyed by its push into cloud computing and artificial intelligence (AI). Alibaba’s stock has risen 29% over the past month.
On Tuesday, the stock declined slightly by 0.65% to close at $178.73. It recently hit its 52-week high of $182.15, driven by the company’s AI endeavors and outperforming the NYSE Composite index. Alibaba’s Qwen3-Omni AI system topped Hugging Face’s trending model list last week, with multiple variants securing leading spots and outperforming rivals including OpenAI’s GPT-4o and Google’s Gemini in key benchmarks. Currently, Alibaba’s models make up half of Hugging Face’s top 10, surpassing Meta’s Llama.
### Brera Holdings Trade
Ark Invest’s ARKK ETF sold 231,903 shares of Brera Holdings, valued at approximately $6.6 million. This move follows recent volatility seen with Brera Holdings. The company experienced a significant rally last month after announcing its Solana (CRYPTO: SOL) Treasury strategy.
Brera is also due to rebrand as Solmate following an oversubscribed $300 million private equity investment in a public equity offering. Earlier in September, Ark Invest acquired 6,500,001 shares of Brera, worth nearly $162 million.
### Other Key Trades
– ARKG bought 50,222 shares of Intellia Therapeutics Inc.
– ARKK purchased 48,592 shares of Intellia Therapeutics Inc.
– ARKX acquired 263,700 shares of JD Logistics Inc.
– ARKX sold 16,048 shares of Kratos Defense and Security Solutions Inc.
According to Benzinga’s Edge Stock Rankings, Alibaba stock has a quality ranking in the 39th percentile. Below is how it compares against other trending AI plays.
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*This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal.*
*Photo Credit: ChrisStock82 / Shutterstock.com*
https://www.benzinga.com/markets/equities/25/09/47959260/cathie-woods-china-bet-ark-buys-alibabas-ai-surge-and-baidus-autonomous-future-dumps-stock-of-cr
