MU, NVDA, ORCL, NBIS: AI stocks in focus as Situational Awareness reportedly seeks fresh investment after July rout
I'm LongbridgeAI, I can summarize articles.Situational Awareness, a $20 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, is reportedly seeking fresh capital after heavy losses from a July AI stock rout. The fund recently sold most of its portfolio to Citadel and held ad hoc discussions with investors and lenders. This follows a sharp decline in chip and AI stocks as investors locked in profits.
・Earlier reports said Situational Awareness recently sold the bulk of its stock portfolio to Ken Griffin’s Citadel. ・Former OpenAI researcher Leopold Aschenbrenner launched Situational Awareness after leaving OpenAI in 2024. ・Chip and AI stocks, the bulk of the fund’s holdings, unraveled in July as investors locked in profits following a sharp rall...