Cathie Wood Makes Multi-Million Dollar Bet on Chinese Stocks While Dumping Oklo, Roblox and Shopify

Cathie Wood's ARK Invest shifts millions into Chinese equities—divesting entirely from three major tech holdings in a single strategic move.

The Big Unload

Wood's funds liquidated positions in Oklo, Roblox and Shopify simultaneously—redirecting capital toward Chinese market opportunities. The reallocation signals confidence in China's tech rebound despite ongoing regulatory tensions.

Wall Street's favorite contrarian just placed her biggest bet yet on China's comeback story—because nothing says 'calculated risk' like doubling down on markets that gave investors whiplash for three straight years.

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The ace hedge fund manager invested roughly $21 million in Chinese technology stocks, including Alibaba Group (BABA), Baidu (BIDU), and Pony AI (PONY). These investments mark a strategic shift in the ARK Invest portfolio as Chinese companies attract growing investor attention.

Wood Bets $21M in Chinese Stocks  

The largest trade was the purchase of 99,090 shares of Chinese e-commerce giant Alibaba Group (BABA), totaling $16.13 million. These shares were acquired through the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF) funds. Alibaba also operates a robust cloud-computing platform that offers proprietary large language models (LLMs) and AI development tools, and maintains a solid global logistics network.

At the same time, the ARK Autonomous Technology and Robotics ETF (ARKQ) acquired 21,245 shares of Chinese search giant Baidu (BIDU), worth $2.90 million. Apart from its dominant internet search engine in China, Baidu offers AI-powered products, cloud-computing solutions, autonomous driving through its Apollo platform, and video streaming services.

Moreover, the ARKQ ETF bought 103,002 shares of autonomous mobility company Pony AI, valued at $2.13 million. Pony AI is advancing its robotaxi ambitions with expansion into Singapore and the Middle East.

Alibaba and Baidu have gained significant popularity recently due to their AI advancements. Both companies have started using in-house AI chips to train AI models, reducing reliance on American chip giant Nvidia (NVDA). Alibaba recently introduced a high-performance processor designed to challenge Nvidia’s dominance in the Chinese market.

Wood Trims Stakes in Oklo, Roblox, and Shopify

On the sell side, Wood sold a major chunk of nuclear energy company Oklo (OKLO), selling 54,936 shares for $7.70 million. OKLO stock hit a fresh 52-week high of $142.85 yesterday, supported by rising interest in the nuclear power sector. Wedbush top analyst Daniel Ives also raised the price target on OKLO to a new Street-high of $150, citing the company’s nuclear growth strategy following meetings in Washington D.C.

Furthermore, Wood continued to trim the fund’s exposure to gaming platform Roblox (RBLX), selling stock worth $2.71 million. Wood also reduced the fund’s stake in Canadian e-commerce platform Shopify (SHOP) by $2.67 million.

Here’s how these stocks perform on TipRanks’ Stock Comparison Tool: