Nvidia Rival Cerebras Systems Jumps More Than 10% After Cathie Wood Boosts Stake

Tradingkey - AI chipmaker Cerebras Systems ( CBRS) shares moved higher, jumping more than 10% at one point to a high of $266.7. As of press time, the stock remained up 8.7%, trading at $262.75.

On the news front, Cathie Wood, the prominent Wall Street investor known as the "female Buffett" and the founder and CEO of ARK Invest, has heavily purchased Cerebras Systems. In response to the stock's retracement following its IPO, Wood chose to buy the dip, remaining steadfastly optimistic about the long-term explosive potential of its unique "wafer-scale" AI chip technology.

Cerebras is a high-profile "Nvidia challenger" in the AI chip sector. The company's 2025 financial report shows that full-year revenue reached $510 million, a year-on-year increase of approximately 76%, demonstrating strong growth momentum. Regarding the revenue structure, hardware sales accounted for 70% of total revenue, while cloud services and other businesses surged 95% year-on-year, reflecting that the company's transition from a single-device supplier to an integrated computing power service provider has achieved initial success.

Recently, S&P Dow Jones Indices confirmed that the company has met the "fast track" IPO inclusion rules and will be added to the relevant index systems, with an effective date of May 25.

It is reported that new listings typically require an observation period of approximately 12 months before becoming eligible for inclusion in major indices. However, with a market valuation reaching approximately $70 billion, Cerebras triggered a fast-track mechanism specifically designed for large-scale IPOs. This exception by S&P Dow Jones reflects the index provider's high recognition of the stock's market size and the prospects of the AI industry.