Key Highlights
- ARK Invest divested 41,540 Taiwan Semiconductor shares valued at $16.6 million as TSM reached an unprecedented $421.97 per share
- The investment firm also reduced holdings in Advanced Micro Devices and Teradyne, scaling back exposure to mature semiconductor stocks
- ARK acquired 105,616 shares of AI chip startup Cerebras Systems worth approximately $4.85 million
- Cerebras launched its IPO at $185 on May 13, surged to $350 at market open, and settled at $311 on day one
- The AI chipmaker achieved a market cap near $49 billion following its public debut, fueled by AI infrastructure appetite
Cathie Wood’s ARK Invest executed a decisive semiconductor portfolio shift on Thursday, May 14, 2026. The investment firm liquidated positions in three well-established chip manufacturers while simultaneously entering one of the year’s most anticipated initial public offerings.
The most substantial divestment involved 41,540 Taiwan Semiconductor shares, generating approximately $16.6 million in proceeds. This transaction occurred as the stock surged 4.4% to establish a new all-time high of $421.97. ARK has systematically reduced its Taiwan Semiconductor stake across multiple trading sessions recently.
Taiwan Semiconductor Manufacturing Company Limited, TSM
Additionally, ARK disposed of 11,510 Advanced Micro Devices shares worth roughly $5.1 million. This move extends a pattern of decreased AMD allocation that has unfolded throughout the previous week across ARK’s portfolio of exchange-traded funds.
Teradyne represented another semiconductor-adjacent holding ARK exited. The firm liquidated 22,576 shares with a market value near $8.2 million. This follows previous Teradyne sales, suggesting an intentional withdrawal from the position.
Beyond semiconductor holdings, ARK reduced stakes in three additional companies. These transactions included 11,602 Twist Bioscience shares for $631,032, 35,073 Adaptive Biotechnologies shares for $460,508, and 13,525 CareDx shares for $278,750.
ARK Dives Into Cerebras Following Explosive Public Debut
Regarding acquisitions, ARK’s activity focused exclusively on Cerebras Systems. The firm accumulated 105,616 shares distributed between two funds — the ARK Innovation ETF and the ARK Next Generation Internet ETF — totaling $4.85 million.
Cerebras operates as an artificial intelligence processor manufacturer recognized for producing wafer-scale chips engineered specifically for AI inference applications. The enterprise set its IPO pricing at $185 per share on May 13. Market sources indicated demand exceeded available shares by over 20 times.
When Cerebras stock commenced public trading on May 14 under ticker symbol CBRS, shares launched at $350. The security concluded its inaugural trading session at $311, maintaining substantial gains above the offering price.
This debut-day performance elevated Cerebras to an approximate $49 billion market valuation. The organization has captured investor interest through strategic relationships with OpenAI and a collaboration with Amazon Web Services.
Decoding ARK’s Portfolio Positioning
The logic behind Thursday’s transactions appears transparent. ARK liquidated holdings in corporations experiencing robust recent valuation expansion, exemplified by Taiwan Semiconductor at its historic peak, while channeling proceeds toward an emerging, high-velocity growth opportunity.
This methodology aligns with ARK’s established pattern of exiting appreciated positions and reallocating capital into nascent companies operating within rapidly evolving technology sectors.
Cerebras exemplifies this investment thesis. The AI chip space has commanded substantial investment flows as requirements for data center infrastructure accelerate. Cerebras occupies a strategic position within this trajectory, having already secured meaningful commercial partnerships.
These transactions were revealed through ARK’s daily transparency reports, which the firm releases following each market close. As of May 14’s conclusion, Cerebras registered among the most successful IPO launches within the AI hardware sector to date.
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