Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made notable semiconductor portfolio moves on Thursday, May 14, 2026, according to ARK’s daily fund disclosures. The firm trimmed its position in chip foundry Taiwan Semiconductor (TSM) and other chip stocks while buying shares of newly public AI chipmaker Cerebras Systems following its blockbuster IPO debut.
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The most significant move of the day was the sale of 41,540 shares of Taiwan Semiconductor worth about $16.6 million. The move came as TSM stock climbed 4.4% to a fresh all-time high of $421.97 on Thursday amid continued optimism around long-term AI chip demand.
In addition to TSM, ARK sold 11,510 shares of Advanced Micro Devices (AMD) worth about $5.13 million and 22,576 shares of Teradyne (TER) valued at roughly $8.2 million, continuing a broader pullback from several established semiconductor names.
ARK Buys Into Cerebras Following Massive IPO Debut
At the same time, ARK purchased 105,616 shares of Cerebras valued at roughly $4.85 million across the ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW).
Cerebras, the AI chip company known for its wafer-sized processors built for AI inference workloads, priced its IPO at $185 on May 13 after demand reportedly exceeded supply by more than 20 times. The stock began trading publicly under the ticker CBRS on May 14, opening at $350 before closing at $311. Following its market debut, the company reached a valuation of roughly $49 billion.
Investor interest in Cerebras has been fueled by rising demand for AI infrastructure, along with the company’s reported OpenAI commitment and its partnership with Amazon (AMZN) Web Services.
Wall Street’s Take on Chip Stocks
Using the TipRanks comparison tool, Taiwan Semiconductor, Teradyne, and AMD all carry Strong Buy consensus ratings. TSM stands out with the highest Smart Score of 10 and about 11% upside potential, while TER also holds a strong Smart Score of 8 with roughly 10% upside. Meanwhile, AMD has surged more than 108% year-to-date and is currently trading near its average analyst price target.
