I’ve decided to keep buying the dip on NBIS. Its price has now dropped back to the level it was on May 28, when the Situational Awareness LP fund disclosed its price point! As the institutional investing guru focused on AI, Leopold’s fund holds 12.41 million Class A common shares of Nebius (NBIS), accounting for 5.6% of the issued shares, valued at $2.7 billion, and making up 19.7% of the fund. With this kind of stake, it’s definitely a long-term position! Another interesting event: Anthropic announced yesterday that the Claude Fable 5 model will be removed on June 23 due to insufficient computing resources! Just last month, Anthropic signed a massive compute power leasing deal with SpaceX, agreeing to pay nearly $45 billion over three years. And now they’re already running out of compute power! Who do you think the next company they’ll sign with will be?