Ark Invest, the innovation-focused fund led by Cathie Wood, scooped up 82,779 shares of Cerebras Systems on Wednesday. The buy adds to what has become a sustained accumulation campaign in the AI chip company since its public debut.
This isn’t a one-off shopping trip. Ark purchased 105,616 shares of Cerebras just days earlier on May 14, spread across both the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW). Combined, these two transactions alone represent nearly 190,000 shares acquired in a matter of days.
What Cerebras actually does
Cerebras Systems, trading under the ticker CBRS on the Nasdaq, specializes in wafer-scale AI processors. Most chips are tiny squares cut from a silicon wafer. Cerebras uses the entire wafer as one massive chip. The result is a processor purpose-built for training large language models, the computational backbone behind tools like ChatGPT and its competitors.
That puts Cerebras in direct competition with Nvidia, whose GPUs have become the de facto standard for AI workloads. It also competes with AMD and a growing roster of custom silicon efforts from cloud giants like Google and Amazon.
