Cathie Wood Buys $7 Million of SpaceX Stock After Unloading Alibaba

Cathie Wood executed a strategic portfolio shift by selling $54 million in Alibaba stock in a single day. She rotated these funds into Coinbase and Palantir, emphasizing a growing focus on the AI and crypto sectors. Furthermore, Wood purchased $7 million of SpaceX stock. This reallocation demonstrates a clear move away from Alibaba toward technology-driven assets, a transition that may influence overall market trends and the sentiment of other investors regarding these sectors.