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Sep 23 at 02:35 PM
$Sandisk(SNDK.US)major cash out by big boys. who wouldn't
Leopold Aschenbrenner’s AI hedge fund, Situational Awareness, faced a severe July collapse after concentrating over 56% of its portfolio in SanDisk (SNDK) and Micron Technology while using heavy leverage. [1, 2]
📉 The Blow-Up
Massive Concentration: SanDisk and Micron made up over half the fund. [1, 2]
July Plunge: SanDisk dropped roughly 43% to 47% in July. [1, 2]
Margin Pressure: Falling chip prices triggered forced liquidations and a bailout by Citadel
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