Cathie Wood loads up on Cerebras after blockbuster IPO debut
Seeking Alpha • • general
Key Points:
- Cathie Wood’s ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) purchased a total of 105,616 shares of AI chipmaker Cerebras Systems (CBRS) following its IPO debut.
- The purchase came shortly after Cerebras Systems' successful initial public offering, marking a significant investment by ARK funds.
- This move reflects ARK's confidence in the growth potential of Cerebras Systems within the AI hardware sector.