<div id="readability-page-1"><p>Cathie Wood's ARK Invest ETFs (exchange-traded funds) made a significant purchase of Cerebras Systems (CBRS) on Wednesday, June 24, according to ARK's daily fund disclosures. The ace hedge fund manager capitalized on the stock's 19.5% decline by buying 99,154 shares for roughly $22.48 million. A day earlier, Wood had also acquired 25,795 CBRS shares for $5.79 million ahead of the company's first public quarterly results.</p><h3>TipRanks' Prime Week Sale - 70% Off</h3>CBRS has a long &amp; short ETF? Explore CBRX &amp; CBRZ <p>Meanwhile, Wood continued reducing ARK's stake in Roku (ROKU) following news of its acquisition by Fox Corporation (FOXA). Yesterday, ARK funds sold a combined 65,246 Roku shares worth approximately $8.81 million.</p> <h2><strong>Why Is Cerebras Stock Dropping?</strong></h2> <p>Cerebras Systems develops specialized AI hardware and cloud infrastructure designed to train and run large AI models. The company is emerging as a potential competitor to chip giant Nvidia (NVDA). Cerebras uses a wafer-scale AI chip to simplify large AI workloads, while Nvidia relies on GPU clusters backed by its mature CUDA ecosystem and broad industry adoption.</p> <p>Cerebras posted strong Q1 FY26 results, with revenue rising 94% year-over-year to $193.4 million, beating estimates. Hardware revenue grew 59%, cloud revenue surged 178%, and its loss per share narrowed to $0.22 from $0.46. Nevertheless, the stock fell after management guided for lower margins.</p> <p>Cerebras guided for Q2 core revenue of $194 million, above the $178 million consensus estimate, and reaffirmed full-year FY26 core revenue guidance of $855 million to $865 million, implying 69% growth at the midpoint. The company expects FY26 margins to remain under pressure as it ramps its $20 billion OpenAI contract and rents back hardware to meet faster-than-expected cloud demand.</p> <h2><strong>Is CBRS a Good Stock to Buy?</strong></h2> <p>Analysts remain bullish on Cerebras' long-term growth potential, citing its leadership in high-speed AI inference. </p> <p>On TipRanks, CBRS stock has a Strong Buy consensus rating based on 10 unanimous Buy ratings. The average Cerebras price target of $299.30 implies 64.2% upside potential from current levels. Since its listing, CBRS shares have dropped 41.4%.</p></div>

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<p>Cathie Wood's ARK Invest purchased ~$28.3M of Cerebras Systems (CBRS) shares following a 19.5% stock drop, while simultaneously reducing its Roku stake. Despite strong Q1 FY26 results with revenue up 94%, CBRS fell due to margin guidance pressures linked to an OpenAI contract. Analysts maintain a 'Strong Buy' consensus with a $299.30 price target, citing long-term AI hardware potential.</p>

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CBRS Stock – Cathie Wood Doubles Down on Cerebras with a $22.5M Bet