Cathie Wood Buys Meta and Cerebras Stock While Dumping Personalize and Toast

Cathie Wood’s ARK Invest bought about $17.33 million worth of Meta Platforms shares on Tuesday, October 13. The firm purchased 22,734 shares across its ARKW and ARKF ETFs. The price used was Meta’s closing price of $762.50. Meta shares gained 2.6% during the session. The buy followed a smaller purchase earlier in the week. ARK also bought 67,362 Cerebras Systems shares, worth nearly $10 million. The price used was a close of $149.08. Cerebras shares rose 1.7% that day. The Cerebras buy was made through the ARKW ETF. ARK has shown steady interest in the company over the past few days. Meta launched two new AI models, Muse Wonder and Muse Wonder Full, on Monday. The company says they are built to handle personal and professional tasks using AI agents.

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