Leopold Aschenbrenner is back to losing money in AI stocks

Leopold Aschenbrenner of hedge fund Situational Awareness has returned after losing billions of dollars in July — and he’s already losing money again. 

CNBC broke the news Friday morning, six weeks after Aschenbrenner’s historic blow-up, that Situational Awareness was re-buying AI stocks and leveraged options on tech stocks.

By Monday’s open, every one of the six tickers tied to his fund had already collapsed, down as much as 8% from Friday’s close.

Situational Awareness is the fund Aschenbrenner still runs after a July collapse in AI valuations erased billions of assets from his portfolio.

Despite one of the most spectacular and well-publicized implosions of any fund manager in history, Situational Awareness quietly bought options tied to AMD, Bloom Energy, and CoreWeave this month. It also bought leveraged exposure to other AI names like SK Hynix, SanDisk, and the Roundhill Memory ETF. 

CNBC sources dated those purchases between September 2-10. 

The day after that news broke, those six names opened to negative returns of 5-8% amid a broad AI sell-off this morning.

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