Leopold Aschenbrenner, the Wall Street wunderkind whose hedge fund imploded in late July, placed huge bets on two AI stocks in the lead-up to the disaster.
Aschenbrenner’s firm, Situational Awareness, owned a $5.7 billion stake in SanDisk and a $5.6 billion stake in Micron at the end of June, its quarterly portfolio update revealed on Friday.
Its positions in the memory-and-storage chipmakers accounted for 56% of a US stock portfolio worth just over $20 billion, excluding put and call options.
Situational directly owned less than $4 billion of stocks at the end of March, led by a $879 million stake in Bloom Energy. That means the value of its…
