Leopold Aschenbrenner's hedge fund, Situational Awareness, has started buying options in stocks like AMD, Bloom Energy, and Coreweave after its assets fell from over $45 billion to about $10 billion. The fund had to sell off public equity positions in a fire sale to Citadel following a sharp decline in AI-related stocks in July. It retained stakes in private companies such as Anthropic. It is unclear if new capital is funding these moves or if they are using remaining assets from the fund after the sell-off.
The Invesco S&P 500 Momentum ETF (SPMO) remains a hold despite increased volatility and sharper pullbacks following its September rebalance. The fund shifted exposure from established tech giants like Nvidia and Broadcom to higher-beta AI infrastruct...
Advanced Micro Devices' Executive Vice President Forrest Norrod sold 17,262 shares worth $9.33 million, marking his third consecutive mid-month sale amid rising concerns in the AI sector. This insider selling coincides with broader tech industry worr...
Intel shares rose 5% to about $94 as semiconductor stocks recovered from a sharp sell-off last week driven by doubts over AI spending sustainability and data center investment returns. The sector-wide rebound included gains for AMD, Nvidia, and Micro...
