Cathie Wood Goes Bargain Hunting: 2 Stocks She Just Bought

Ark Invest, led by Cathie Wood, increased positions in newly public AI chipmaker Cerebras and crypto specialist Bullish across several ARK ETFs. The trades—105,616 and 149,716 Cerebras shares around its May 14 IPO and more than 164,000 Bullish shares on May 21–22—represent renewed institutional buying into AI hardware and crypto-related businesses. While Bullish reported a weak Q1 (a $3.85 loss on $92.8M revenue) and has seen valuation pressure, Ark treated recent pullbacks as buying opportunities; Bullish holds roughly 24,400 Bitcoin. Ark’s purchases signal continued institutional interest in AI and crypto exposures, which could support sector valuations and spill over to related large-cap names (including NVDA.OQ) as investor appetite for AI infrastructure remains strong.