Stock Track | Cerebras Systems Soars 5.34% in Pre-market as ARK Investment Buys Shares
Stock Track
Jun 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.