ARK bets $28M on Cerebras, trims Palantir and Shopify
What's the deal? Cathie Wood's ARK InvestDealroom has a profile for this one. Try Dealroom → bought roughly $28 million of Cerebras Systems shares on August 13, 2026, its largest single-day purchase, while cutting stakes in Palantir TechnologiesDealroom has a profile for this one. Try Dealroom → and Shopify. ARK acquired 106,941 Cerebras shares across its ARKK and ARKW ETFs at a $231.01 close.
Why Cerebras? The AI chipmaker just reported record core revenue of $209.9 million, up 103% year-over-year, and an adjusted loss of 4.5 cents per share — far narrower than the 17-cent loss analysts expected.
The Palantir cut: ARK sold 43,874 Palantir shares across ARKK and ARKW for about $7.9 million at a $179.01 close. The move came despite Palantir posting a 93% revenue jump, $1.22 billion in operating cash flow, and a 149% surge in US commercial revenue to $764 million.
ARK has sold Palantir over several sessions. Per Benzinga EdgeDealroom has a profile for this one. Try Dealroom →, the stock ranks in the 74th percentile for Momentum but the 1st percentile for Value.
Shopify too: ARK divested 57,045 Shopify shares across ARKK, ARKW, and ARKF for roughly $8.6 million, continuing a steady reduction from earlier sessions.
Smaller moves included buying 192,702 Securitize shares (about $1.5 million) via ARKF and 123,842 Perceptive Capital SolutionsDealroom has a profile for this one. Try Dealroom → shares (about $1.4 million) via ARKG. ARK also picked up 28,179 Schrödinger shares for about $525,000 and sold 51,171 10X Genomics shares for roughly $2.96 million.
The signal: The reshuffle marks Cerebras — and its push to reduce dependency on Nvidia — as ARK's top single-day bet, even as the firm exits richly valued winners like Palantir. ARKK closed the day down 0.91%; ARKF fell 0.45%.
Read more: Blockonomi
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