Overview
- ARK Invest’s daily report shows Thursday purchases increasing positions in Amazon, Baidu and Nu Holdings.
- Amazon shares have fallen about 13% in February after it outlined roughly $200 billion in capital expenditures through 2026, even as AWS delivered 24% year-over-year growth.
- At least 16 analysts cut Amazon price targets following the capex plan, and the stock rose about 5% in 2025, the weakest performance among the Magnificent Seven.
- Baidu posted fourth-quarter revenue of $4.7 billion, a 5% sequential rise but slightly below the year-ago level, and its shares declined after the report.
- ARK’s flagship ARKK ETF is down about 4% year to date but up roughly 33% over the past year, and earlier this week ARK bought about $7 million of AMD shares.