tech
AI play Nebius is surging after mysterious new hedge fund manager reveals stake. Here are his other holdings
The fund invests in publicly traded companies expected to benefit from AI adoption — including semiconductor, infrastructure and power firms.
TL;DR
- Leopold Aschenbrenner, a former OpenAI researcher, has launched a hedge fund called Situational Awareness.
- The fund disclosed a 5.6% stake in Dutch cloud computing provider Nebius Group, leading to a surge in Nebius shares.
- Situational Awareness invests in publicly traded companies like CoreWeave and Bloom Energy, which are tied to AI infrastructure demands.
- The fund also backs AI startups such as Anthropic.
- Aschenbrenner's strategy includes smaller short positions against industries that may struggle with AI disruption.
- The fund has also disclosed bearish positions against Nvidia, Broadcom, Advanced Micro Devices, Oracle, and the VanEck Semiconductor ETF.