The artificial intelligence investing boom may have found its newest market favorite in Cerebras Systems Cerebras Systems (CBRS). Fresh off becoming the largest IPO of 2026, the AI chipmaker is attracting attention from institutional investors, ETF issuers, and traders looking for the next major beneficiary of the AI infrastructure buildout.

The latest sign of growing interest came from Cathie Wood's ARK Invest, which disclosed purchases of 62,669 Cerebras shares on June 1 worth approximately $14.85 million, according to Investing.com. The acquisition followed several recent purchases of the stock by ARK funds, highlighting the firm's growing conviction in the AI hardware story. On the same day, ARK bought roughly $63.35 million worth of Nvidia Corp (NVDA) shares while trimming about $56.88 million in Advanced Micro Devices Inc (AMD) stock, signaling an active reshuffling of semiconductor exposure.

Further validating that interest, Tradr ETFs recently launched two leveraged funds tied to Cerebras stock: the Tradr 2X Long CBRS Daily ETF (CBRX) and the Tradr 2X Short CBRS Daily ETF (CBRZ), each carrying an expense ratio of 1.49%. The products offer investors amplified bullish and bearish exposure to daily moves in Cerebras shares, reflecting the heightened volatility surrounding one of the market's newest AI-focused public companies.

The CBRX seeks to deliver 200% of Cerebras' daily performance, while the CBRZ aims to provide -200% of the stock's daily return. The launch expands Tradr's lineup of 65 leveraged ETFs, which collectively manage more than $7 billion in assets. The funds offer traders a way to obtain leveraged exposure to Cerebras without the need to use margin accounts or options strategies.

Why Cerebras Is In Focus

The launch comes amid a broader wave of AI and semiconductor-themed ETF activity. Recent months have seen fund issuers roll out products targeting AI infrastructure, photonics, data centers, semiconductor manufacturing, and high-performance computing. As one of the few newly public pure-play AI hardware companies, Cerebras sits at the intersection of several of the market's hottest themes.

With investors hunting for opportunities beyond Nvidia and institutions like ARK building positions, Cerebras has quickly become a closely watched name in the next phase of the AI infrastructure trade.