Cathie Wood Buys What This Billionaire Is Selling: Ark Adds Amazon And Alibaba Stock, Dumps This Chip Giant

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Cathie Wood’s Ark Invest recently made significant portfolio adjustments, acquiring Amazon.com and Alibaba Group Holding Ltd. shares while divesting from Taiwan Semiconductor Manufacturing Co Ltd. and Nextdoor Holdings Inc. These trades reflect Ark’s strategic positioning, including a substantial investment in electric aircraft developer Joby Aviation. The moves come as other investors like Daniel Loeb also adjust their stakes in e-commerce giants.

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