# Leopold Aschenbrenner, the former researcher on OpenAI's alignment team went viral in 2024 for his paper, "Situational Awareness: The Decade Ahead" He launched his hedge fund, Situational Awareness, which is now betting against some of the hottest

*fintech · news · 2026-05-18 · Business Insider*

## Key points

- Leopold Aschenbrenner's fund holds over $2 billion in puts on the VanEck Semiconductor ETF.
- Situational Awareness is betting heavily against Nvidia, Oracle, Broadcom, AMD, and TSMC via puts.
- The fund holds bullish call options on lesser-known AI infrastructure stocks like CoreWeave and CleanSpark.
- These disclosed bearish positions signal a major hedge fund expressing doubts on 2024's top AI chip trades.

**Companies:** Nvidia, Broadcom, Oracle, Taiwan Semiconductor Manufacturing Co., ASML Holding NV, Intel, VanEck Semiconductor ETF, SanDisk, CoreWeave, CleanSpark, Bloom Energy
**Countries:** United States, China

[Read the full story on Business Insider](https://www.businessinsider.com/openai-hedge-fund-bearish-ai-stocks-nvda-amd-put-options-2026-5)

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