Cathie Wood Loads Up on Cerebras Systems Stock as AI Chip Race With Nvidia Heats Up — Ark Keeps on Dumpin

Ark Invest, led by Cathie Wood, executed significant trades on Tuesday. The investment firm made notable moves in Cerebras Systems Inc. (NASDAQ:CBRS), Tempus AI Inc. (NASDAQ:TEM), and Advanced Micro Devices Inc. (NASDAQ:AMD). These trades reflect Ark’s strategic positioning in the rapidly evolving tech landscape.

The Cerebras Trade

Ark Invest made notable investments in Cerebras Systems, purchasing 93,290 shares through the ARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW), valued at approximately $17.2 million. The trade involved the acquisition of shares valued at approximately $183.91 each.

The firm capitalized on the company’s recent advancements in AI technology. Cerebras recently unveiled its CS-4 system, which claims to outperform traditional GPU-based systems by a significant margin. This development positions Cerebras as a formidable player in the AI inference market, challenging industry giants like Nvidia. The CS-4 system’s ability to process over 4,400 tokens per second per user marks a considerable improvement over its predecessor.

The Tempus AI Trade