Cathie Wood’s ARK funds purchased over 100,000 shares of Cerebras Systems following its public debut at Wednesday’s closing price.
ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) acquired 105,616 shares of AI chipmaker Cerebras Systems (CBRS) on Thursday. The purchase follows Cerebras’ recent initial public offering and reflects ARK’s bullish stance on the sector.
The combined position is valued based on Wednesday’s closing price, though exact dollar figures were not disclosed. Cerebras, specializing in high-performance AI chips, debuted amid strong investor interest in artificial intelligence infrastructure.
ARK’s move signals confidence in Cerebras’ growth potential, aligning with its thematic investment strategy focused on disruptive innovation.