Ark Invest's Latest Moves: Two Straight Days of Buying Cerebras, Trimming Tempus AI

Deep News10-30 14:30

On 29 October, Cathie Wood's ARK Investment Management published its latest trading records, showing that its largest single purchase of the day was AI chipmaker Cerebras Systems, buying a combined 45,729 shares through its ARKK and ARKW ETFs, worth approximately US$5.15 million.

This marked the second consecutive trading day that ARK added to its Cerebras position, having already bought 42,276 shares the previous day, bringing total purchases over the two days to 88,005 shares at a transaction value of roughly US$10.19 million.

In addition, ARK continued to increase its holdings in electric vertical take-off and landing aircraft maker Joby Aviation, buying 263,693 shares worth about US$1.34 million, while spending approximately US$1.04 million to purchase 36,201 shares in biotechnology company Beam Therapeutics.

On the selling side, ARK reduced its position in medical AI company Tempus AI, offloading 7,625 shares worth roughly US$580,000. The previous day, ARK had already sold 58,371 Tempus AI shares, bringing total reductions over the two days to 65,996 shares.

ARK also modestly trimmed its holdings in companies including 10x Genomics, Rubrik, CrowdStrike and Cloudflare.

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