Cathie Wood sells $40.6 million of popular semiconductor stock - thestreet.com
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- Cathie Wood sold $40.6 million of a popular semiconductor stock
- Cerebras stock surged nearly 70% on its Nasdaq debut on May 14, marking the largest IPO of 2026
- ARK is buying shares in Cerebras' IPO, betting on its AI chip technology
- Cerebras is positioned as a competitor to Nvidia in the AI chip market
Why it matters: ARK’s purchase of Cerebras gives it a direct claim in the fastest‑growing AI‑chip IPO, while the $40.6 M sale cuts its exposure to the previously held semiconductor stock.
