Leopold Aschenbrenner faces fresh losses in AI stock bets

Leopold Aschenbrenner of the hedge fund Situational Awareness has resumed buying AI-related stocks and leveraged options following a major portfolio collapse in July. Despite his recent return to the market, the six tickers tied to his fund, including AMD, Bloom Energy, CoreWeave, SK Hynix, SanDisk, and the Roundhill Memory ETF, saw significant declines of 5-8% on Monday. The sell-off followed a viral essay by Anthropic CEO Dario Amodei regarding AI development, which prompted a broader market rotation away from crowded AI trades.