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Cathie Wood Increases Stake in Alibaba Amid Mizuho’s Bullish Outlook

Cathie Wood Increases Stake in Alibaba Amid Mizuho’s Bullish Outlook

Author:

Global Cryptocurrency

Published:

2025-10-25 00:18:03

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BTCCSquare news:

Cathie Wood's ARK Invest acquired $11.4 million worth of Alibaba shares across three ETFs, signaling confidence in the Chinese tech giant's cloud computing and AI initiatives. The MOVE follows Mizuho analyst James Lee raising his price target to $195, citing strong e-commerce activity and financial services expansion.

Alibaba's stock has nearly doubled year-to-date, buoyed by recovering Chinese consumer spending and improved profitability. Lee's revised outlook highlights accelerating delivery orders and AI-driven momentum as key growth drivers.

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