Cathie Wood's ARK bolsters Alibaba, trims Amazon stock
PositiveFinancial Markets

Cathie Wood's ARK Invest has made headlines by increasing its stake in Alibaba while reducing its holdings in Amazon. This strategic shift highlights ARK's confidence in Alibaba's growth potential, especially as the company continues to innovate and expand in the tech sector. For investors, this move signals a positive outlook on Alibaba's future, suggesting that ARK sees more value in Alibaba compared to Amazon at this time.
— Curated by the World Pulse Now AI Editorial System