Cathie Wood Buys $8.5M Cerebras While Selling More AMD Shares

On May 26, ARK Invest purchased 35,128 Cerebras shares for approximately $8.5 million while selling 5,301 AMD shares worth about $2.7 million through ARKK and ARKW. This follows the May 22 weekly rebalance in which ARK sharply trimmed AMD and Roku positions to fund new or increased stakes in Cerebras, Bullish, JD Logistics, Archer Aviation, and Joby Aviation. The latest trades extend a pattern of rotating capital from large-cap semiconductors into smaller AI-infrastructure names, adding near-term pressure on AMD while supporting thematic AI upstarts.