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Ark Invest Keeps Dumping Tesla, Doubles Down On This Company Termed China's Nvidia - Baidu (NASDAQ:BIDU)
Summary by Benzinga
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Ark Invest Keeps Dumping Tesla, Doubles Down On This Company Termed China's Nvidia - Baidu (NASDAQ:BIDU)
On Monday, Cathie Wood-led Ark Invest made significant trades involving Baidu Inc. (NASDAQ:BIDU) and Tesla Inc. (NASDAQ:TSLA). The investment firm increased its stake in Baidu while reducing its holdings in Tesla. The Baidu Trade Ark Invest’s flagship fund, ARK Innovation ETF (BATS:ARKK), purchased 51,263 shares of Baidu. This acquisition aligns with Baidu’s recent efforts to transform itself from a search engine giant into a leader in AI techno…
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