Former OpenAI Researcher-Driven $2 Billion Hedge Fund Bets Against All Semiconductor Stocks—Except for These Two Giants

Advances in artificial intelligence (AI) are reshaping the business landscape, presenting opportunities for innovation while disrupting established sectors. Leopold Aschenbrenner, an AI expert and former OpenAI researcher, has established the Situational Awareness hedge fund, which has quickly accumulated over $2 billion in assets. In its latest SEC filing, the fund holds a significant position betting against the VanEck Semiconductor ETF (NASDAQ: SMH) while being heavily invested in Intel (NASDAQ: INTC) call options and Broadcom (NASDAQ: AVGO) stock. Aschenbrenner’s strategy highlights the critical role of these companies in AI’s growth, with Intel set to receive government support to enhance its semiconductor capabilities. Broadcom, known for custom AI accelerators, is expected to benefit from increasing demand as AI technology evolves. Investors looking for high-potential stocks in the AI space may consider Intel and Broadcom, although recent price surges may affect entry costs.

Source link