Cathie Wood Invests $6.5M in Cerebras as AI Chip Stock Rises
On September 8, 2026, Cathie Wood's Ark Innovation ETF (ARKK) purchased $6.5 million worth of shares in semiconductor company Cerebras Systems Inc (CBRS). The stock has surged by about 15% over the past five days following news of a new AI data center partnership with Compute Nordic Finland. Cathie Wood, known for her high-risk investment strategy focused on disruptive technologies like artificial intelligence and blockchain, continues to bet heavily in these sectors. While ARKK outperformed broader markets last year—returning 35.49% compared to the S&P 500's 17.88%—it has struggled over a five-year period with an annualized return of -6.45%. Wood remains bullish on AI, citing its potential for productivity and corporate profit growth. Despite her optimism, ARKK faced significant outflows in the past year, totaling $1.74 billion as investors have grown skeptical about long-term performance.
Topics: AI stocks ARKK Cathie Wood Cerebras Systems (CBRS) ETF performance