This is HUGE. Leopold Aschenbrenner’s Situational Awareness is BACK in the market after nearly blowing up in July. The AI-focused hedge fund has reportedly been aggressively buying options on AMD, Bloom Energy, CoreWeave, SK Hynix, SanDisk and the Roundhill Memory ETF, according to CNBC’s David Faber. The bets are surprisingly aligned with Aschenbrenner’s original AI thesis: the four core bottlenecks in AI CapEx. AI compute: AMD AI power: Bloom Energy AI infrastructure: CoreWeave AI memory: SanDisk, SK Hynix, DRAM Situational Awareness, led by the former openAI employee, saw its assets plunge from more than $45B to roughly $10B during July’s AI selloff, forcing it to unwind most of its public-equity portfolio.(Coin Bureau)