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ARK Invest Boosts Baidu Amid Bold Biotech Moves

4/30/2025

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Summary

Story summary

ARK Invest has ramped up its investment in Baidu, inspired by Michael Burry's recent move. As Baidu dives deeper into AI and cloud computing with the launch of its innovative Ernie 4.5 Turbo and Ernie X1 Turbo models, ARK is also making bold biotech acquisitions while trimming its stakes in Palantir, Robinhood, and CRISPR, signaling a commitment to disruptive technology.

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Story summary

ARK Invest has ramped up its investment in Baidu, inspired by Michael Burry's recent move. As Baidu dives deeper into AI and cloud computing with the launch of its innovative Ernie 4.5 Turbo and Ernie X1 Turbo models, ARK is also making bold biotech acquisitions while trimming its stakes in Palantir, Robinhood, and CRISPR, signaling a commitment to disruptive technology.