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This Robot Trader Sold Moderna Stock. What It Bought Instead.


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An exchange-traded fund with holdings picked by artificial intelligence made big bets on Tesla, Netflix and a very low-key stock this month—while selling Moderna as it upped its stake in Merck.

AI-driven investor Qraft, a South Korean fintech with around $60 million in assets across four ETFs, scooped up some under-the-radar stocks across software, medical devices, and cybersecurity as it adjusted its holdings at the beginning of December.

Its...