ARK Invest purchased 111,989 shares of Cerebras Systems (NASDAQ: CBRS) on Thursday, June 25. The transaction totaled approximately $18.9 million. ARK executed the trades through its Innovation (ARKK) and Next Generation Internet (ARKW) ETFs.
The firm funded the acquisition by selling shares in Alibaba and Roku. This purchase marks the latest in a series of buys following a significant stock decline.
Cerebras shares recently fell below their May 2026 IPO price. The drop occurred after the AI hardware firm released its first quarterly earnings report as a public company. ARK’s investment signals a bullish stance on the Nvidia competitor despite recent market volatility.