AI chipmaker Cerebras debuted on the public market on May 14, with shares closing at $311.07 after an IPO price of $185, and now appears in multiple ETF portfolios including Ark Invest funds.

Cerebras priced its stock at $185 for the IPO and shares closed at $311.07 on the first day of trading on May 14.

The Ark Innovation ETF (ARKK) holds Cerebras with a 0.9% weighting and has $6.5 billion in net assets; the Ark Next Generation Internet ETF (ARKW) holds Cerebras at 1.1% weighting and has about $1.7 billion in net assets, providing lower-volatility exposure to the chipmaker.

Cerebras stock is expected to appear in other AI and semiconductor-focused ETF portfolios in the near future, such as the VanEck Semiconductor ETF.