For the first time in four years! "Wood Sister" buys Alibaba and continues to increase holdings in Baidu.

Recently, ARK's two ETFs under Wood's management bought approximately $16.3 million worth of Alibaba American depositary receipts, marking the first time in four years that they have re-purchased Alibaba. They continue to increase their holdings in Baidu, with the total value of their holdings rising to approximately $47 million. The ARK team wrote in a recent update, "AI is the next wave of innovation, and companies that lead in this field may experience exponential growth."