Cathie Wood Invests in AI Semiconductor Startup Cerebras Systems
Cathie Wood's Ark Invest added shares of newly public artificial intelligence chipmaker Cerebras Systems (NASDAQ: CBRS) to two ETFs on the day of its IPO. The company, known for large single-chip solutions that claim speeds up to 15 times faster than traditional GPUs, has seen rapid revenue growth and signed a $20 billion deal with OpenAI.
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Topics: AI Ark Invest Cathie Wood IPOs semiconductors