Cerebras Systems Inc. is trading 9.9% up at $234.46 after Cathie Wood’s ARK Investment Management disclosed purchasing over 62,000 shares in the company.
- The high-profile stake is being viewed by markets as a major vote of confidence following a steep post-IPO pullback last week.
- The disclosure has sparked renewed investor interest, driving dip-buying and momentum-driven trading in the recently listed AI hardware provider.