Cathie Wood's ARK buys $28M in Cerebras, trims Palantir and Shopify
What's the deal? ARK InvestDealroom has a profile for this one. Try Dealroom → bought roughly $28 million in Cerebras Systems on August 13, 2026, while cutting its holdings in Palantir TechnologiesDealroom has a profile for this one. Try Dealroom → and Shopify. The Cerebras buy — 106,941 shares at $231.01 — was the firm's largest single-session deployment that day.
Why Cerebras? The chipmaker recently posted an adjusted loss of 4.5 cents per share, beating analyst forecasts of a 17-cent loss. Core revenue hit a record $209.9 million, up 103% year over year.
Nvidia has also been a reference point as Cerebras works to reduce its dependence on the chipmaker, a shift that has drawn investor attention.
What ARK sold: It divested 43,874 Palantir shares for about $7.9 million at $179.01, and 57,045 Shopify shares for roughly $8.6 million across three funds. Both sales continue a steady pattern seen earlier in the week.
An odd split: Palantir's second-quarter results were strong — revenue up 93%, $1.22 billion in operating cash flow, and 149% growth in its US commercial segment to $764 million. Yet ARK kept selling. Benzinga Edge ranks Palantir's Momentum score in the 74th percentile but its Value score in the 1st.
The smaller moves: ARK bought 192,702 Securitize shares (about $1.5 million), 123,842 Perceptive Capital SolutionsDealroom has a profile for this one. Try Dealroom → shares (roughly $1.4 million), and 28,179 Schrodinger shares (about $525,000). It sold 51,171 shares of 10X Genomics for around $2.96 million.
The signal: ARK is rotating capital toward AI hardware, backing a chipmaker challenging Nvidia even as it exits two profitable software names. Its ARKK fund closed the day down 0.91%, with ARKF off 0.45%.
Image credit: CityofStPete
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