Cathie Wood’s Ark Invest executed a series of trades on Monday, adjusting its portfolio amid shifting market conditions. Ark sold shares of Palantir Technologies, Robinhood Markets, and Meta Platforms while purchasing shares of Advanced Micro Devices and Baidu. Palantir’s stock has pulled back after a 20% rally, despite attention on its potential in the enterprise AI sector. Meta is dealing with regulatory challenges and economic pressures as it faces an antitrust trial, while Robinhood’s earnings are highly anticipated. AMD’s stock is affected by competition from Huawei, and Baidu’s AI rivalry with Alibaba remains a major focus.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Cathiewood's ARK Invest executed a series of trades on Monday, adjusting its portfolio amid
00:07shifting market conditions. ARK sold shares of Palantir Technologies, Robinhood Markets,
00:12and Meta platforms while purchasing shares of Advanced Micro Devices and Baidu.
00:16Palantir stock has pulled back after a 20% rally, despite attention on its potential in
00:21the enterprise AI sector. Meta is dealing with regulatory challenges and economic pressures as
00:26it faces an antitrust trial, while Robinhood's earnings are highly anticipated. AMD's stock
00:32is affected by competition from Huawei, and Baidu's AI rivalry with Alibaba remains a major focus.
00:39For all things money, visit Benzinga.com slash GSTV.