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ARK Buys $28M Cerebras Shares on August 13 Amid Post-Earnings Decline
According to ARK Invest's daily trade disclosures, the firm purchased 106,941 Cerebras (CBRS) shares worth $28.02 million on August 13. The purchases were split between the ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). CBRS stock declined nearly 3% at market open following a 12% drop in the prior session after the company's earnings report. Despite the selloff, Mizuho and UBS both viewed the decline as a buying opportunity, with UBS calling the pullback "compelling." Cer
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