Ark Invest dumps $40M in TSMC, pours into Cerebras
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Ark Invest sold over $40M in TSMC shares and reduced stakes in AMD and Teradyne, capitalizing on gains from legacy chip stocks. Meanwhile, Cerebras' IPO saw a 68% surge in share price, driven by high demand for its innovative AI chip technology. This move reflects Ark's strategic shift towards alternative AI computing models and next-generation infrastructure.
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