Cathie Wood's ARK Fund Sells AMD Shares, Buys Cerebras Systems

ARK Invest, managed by Cathie Wood, made a significant portfolio change by selling shares of Advanced Micro Devices (AMD). The fund used the proceeds from this sale to invest in artificial intelligence chip startup Cerebras Systems. This move indicates ARK's strategic rotation within the semiconductor sector. According to ARK Invest's daily trading data, the fund reduced its position in AMD while adding Cerebras Systems shares to its portfolio. Cerebras is known for its massive chips developed for large-scale AI models and is a notable player in this field. This transaction reveals that Wood maintains confidence in AI and innovative technology companies but is shifting toward more niche, high-growth potential firms rather than current major players. The sale of AMD shares may be aimed at profit-taking or rebalancing risk distribution within the sector. Cerebras Systems is particularly known for its Wafer-Scale Engine (WSE) chips optimized for training and inference. ARK's investment comes at a time of growing interest in alternative solutions in the AI hardware market. The fund's move is being closely watched by investors. This is not investment advice.