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ARK Buys Cerebras Stock, Sells AMD

Cathie Wood's ARK ETF buys Cerebras, Twist Bioscience, and Bullish; sells AMD. Focus on tech and biotech sectors.

Julianne Alice
ByJulianne Alice- Senior Editor
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Cathie Wood's ARK ETF published its daily trades for Friday, revealing a focus on tech and biotech. The top move was buying 42,126 shares of Cerebras Systems (CBRS) worth about $11.87 million via its ARKK and ARKW ETFs.

ARK also purchased 105,810 shares of Twist Bioscience (TWST) through ARKK, valued at $6.23 million, showing continued biotech interest.

Additionally, ARK bought 25,029 shares of Bullish (BLSH) across ARKK, ARKW, and ARKF ETFs, worth $900,042, adding to earlier buys this week.

On the sell side, ARK offloaded 1,859 shares of AMD via the ARKW ETF for $835,787, continuing a pattern of reducing AMD holdings.

Overall, ARK is strategically adjusting its portfolio, focusing on emerging tech and biotech while trimming semiconductor stocks like AMD.

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ARK Buys Cerebras Stock, Sells AMD | Bond.az