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Cathie Wood is leaning into Cerebras Systems (CBRS) stock’s recent weakness. Ark Invest (ARKK) bought 93,290 shares of Cerebras on August 25 through two of its ETFs, with the position worth about $17.2 million at the time. The move came at a time when Cerebras stock had been extremely volatile around its biggest product catalysts of the year. Following the highly anticipated August 18 Supernova event, investors locked in profits, with the stock plummeting 8% in the last month and 32.4% since its debut on May 14.
While the timing stands out, it is not unusual for Wood to add exposure while investors were still digesting the selloff. Why is Wood betting $17 million on Cerebras stock, and should other investors follow suit?
