Stock Track | Cerebras Systems Soars 5.34% in Pre-market as ARK Investment Buys Shares

Stock Track

06/25

Cerebras Systems (CBRS) experienced a pre-market surge of 5.34% on Thursday, following news of significant buying activity by a prominent investment firm.

The move comes after ARK Investment, led by Cathie Wood, purchased 99,000 shares of the AI chip and accelerator maker. The buying activity was reported in the previous evening's trading session and appears to have generated positive momentum for the stock ahead of the market open.

This pre-market gain represents a notable recovery for Cerebras Systems, which had experienced significant volatility in the previous trading session as reflected in the performance of related leveraged ETFs.

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