newsio aggregates and links to original sources. We do not own the original images or content. If you believe content infringes on intellectual property rights, contact us — it will be removed at first notice.
fintech/news//Seeking Alpha
A hedge fund launched by former OpenAI researcher Leopold Aschenbrenner has placed sizable bearish bets against AI chip stocks.
Leopold Aschenbrenner's fund disclosed $1.56B in Nvidia puts and $2B in SMH bearish bets.
KEY POINTS
Situational Awareness fund also holds large put positions in Broadcom, Oracle, AMD, TSM, ASML, and Intel.
May's Bank of America survey shows 73% of managers see semiconductors as the most crowded trade.
Citi nearly doubled its Micron price target to $840 on expectations for higher DRAM pricing.
United Airlines bookings to eclipse destinations surged over 50% ahead of August 12 total solar eclipse.