Odaily, citing Coin Bureau, reported that Situational Awareness, the fund run by Leopold Aschenbrenner and known in the report as tied to the so-called "AI stock guru," rebuilt positions in AI-related equities after being forced to liquidate in July and then bought hundreds of millions of dollars in options in early September. Since Sept. 8, six of the fund’s seven key stock picks have fallen sharply. CoreWeave dropped 37.4%, SK Hynix fell 25.8%, SanDisk declined 23.8%, DRAM fell 22.9%, Bloom Energy lost 18.1%, and Intel slipped 9.4%. AMD was the only stock to rise, gaining 9.1%. Across all seven names, the average decline was 18.3%. The report added that the fund’s actual investment loss still depends on position size, option terms, and any subsequent trading. It also noted that even with a long-term bullish view on AI, options positions can still lose money if market moves do not match the expected timing.
According to Odaily, citing Coin Bureau, Situational Awareness, the fund run by Leopold Aschenbrenner, rebuilt positions in AI-related stocks after being forced to liquidate in July and bought hundreds of millions of dollars in options in early September.
Since Sept. 8, six of the fund’s seven main stock bets have posted steep declines. CoreWeave fell 37.4%, SK Hynix dropped 25.8%, SanDisk lost 23.8%, DRAM declined 22.9%, Bloom Energy fell 18.1%, and Intel slipped 9.4%. AMD was the only gainer, rising 9.1%. The average decline across the seven stocks was 18.3%.
The report said the fund’s actual investment loss still depends on position size, option terms, and subsequent trading. Even with a long-term positive view on AI, options investments can still suffer losses if market moves do not line up with the expected timing.
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