According to Coin Bureau, Situational Awareness, the AI-focused fund managed by Leopold Aschenbrenner, purchased hundreds of millions of dollars in options on AI-related stocks in early September. Since September 8, six of its seven key holdings have declined sharply. CoreWeave fell 37.4%, SK Hynix dropped 25.8%, SanDisk declined 23.8%, Micron Technology (DRAM) fell 22.9%, Bloom Energy lost 18.1%, and Intel fell 9.4%. AMD was the sole gainer, rising 9.1%. The seven stocks averaged a 18.3% decline.

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