Cathie Wood Invests $17 Million in Cerebras as AI Chip Market Grows
On August 25, Cathie Wood's Ark Invest added another $17.2 million worth of shares in Cerebras Systems (CBRS), buying approximately 93,290 shares across multiple ETFs. This follows additional purchases earlier that month as the AI chip stock remains volatile and down significantly from its May peak. Cerebras is gaining traction due to its focus on wafer-scale computing for fast AI inference—a growing segment in the tech industry. The company recently launched a new system, CS-4, which claims up to 30 times faster performance than GPU-based alternatives. Cerebras also reported strong Q2 results with core revenue rising by over 100% year-over-year and raised its full-year guidance. Despite impressive growth metrics, the stock is still expensive at a price-to-sales ratio of around 60x. However, Wall Street analysts remain bullish on CBRS, assigning it an average 'Strong Buy' rating with potential for nearly 59% upside.
Topics: AI chips Ark Invest Cathie Wood CBRS Nvidia