Cerebras · AMD · Ark Invest · Cathie Wood · Crypto Briefing
Individual buy orders during the May through June 2026 stretch ranged from roughly $11 million to $28 million on various
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Cerebras designs large-scale AI accelerators, chips purpose-built for training and running artificial intelligence models.
Key facts
- Individual buy orders during the May through June 2026 stretch ranged from roughly $11 million to $28 million on various dates
- The $1.8 million AMD sale is relatively small in isolation, but ARK has conducted multiple similar AMD-to-Cerebras rotations throughout May and June 2026, with the directionality unmistakable: out
- Cerebras Systems went public with an IPO price of $185 per share
- Cathie Wood's funds continue rotating out of established chipmakers and into the AI accelerator upstart that IPO'd months ago
Summary
Cathie Wood's funds continue rotating out of established chipmakers and into the AI accelerator upstart that IPO'd months ago. The trade is less a one-off rebalancing and more the latest chapter in a pattern that has been playing out since Cerebras hit public markets in May 2026. Cerebras Systems went public with an IPO price of $185 per share. Since the IPO, ARK has executed numerous purchases of Cerebras shares totaling hundreds of thousands of shares across its funds.