AI-stock god’s mega bet on two chipmakers backfires, sparking a bailout
TL;DR
Leopold Aschenbrenner’s Situational Awareness fund had more than half its assets in Micron and Sandisk before July’s AI-stock sell-off, and the ensuing losses led to a Citadel bailout and raised questions about risk management after a concentrated AI bet.
- Investor dubbed the ‘AI stock god’ had 56% of his hedge fund invested in these two stocks before the July blow-up MarketWatch
- The Situational Awareness Fund Blow-up: Collateral Damage from Investment Conviction! Aswath Damodaran | Substack
- Situational Awareness Boosted Micron, Sandisk Ahead of Turmoil Bloomberg.com
- Leopold Aschenbrenner's Situational Awareness bet big on SanDisk and Micron before it blew up Business Insider
- Situational Awareness made massive bets on Sandisk, Micron before July implosion Seeking Alpha
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