ARK Bets on Cerebras AI Chips, Sells AMD Stake
TL;DR Summary
Ark Invest bought 93,290 Cerebras Systems shares (~$17.2M) and sold 7,600 AMD shares (~$3.5M), signaling a tilt toward Cerebras’ AI-inference chips as the company unveils its CS-4 system with high-throughput claims and potential Meta as a customer, while Cerebras remains IPO-era risky but with a bullish price target around $296.
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