According to a CNBC report on September 11th, Situational Awareness, the hedge fund of "AI stock guru" Leopold, which nearly went bankrupt this summer, appears to be making a comeback, re-entering the options market. The source claims that founder Leopold repurchased options from last weekend to the beginning of this week, primarily holding positions related to his previous "AI infrastructure/storage" narrative, including SK Hynix, SanDisk, AMD, Bloom Energy, and CoreWeave. He also purchased the Roundhill Memory (DRAM) ETF, with options totaling hundreds of millions of dollars. It is currently unclear whether this purchase involved newly raised funds from the public market or the remaining capital from his July sell-off.

In July of this year, Situational Awareness, a hedge fund managed by Leopold, a former OpenAI researcher known as the "AI stock god," suffered a major setback. The fund's size once exceeded $45 billion at the beginning of the month. Due to its high leverage in AI-related stocks such as storage, power, and computing power, the fund was forced to sell almost all of its public market stock positions at a discount to Citadel Securities as the stock prices plummeted in the summer, triggering margin calls. The size quickly dropped to about $10 billion, while the private equity positions, especially the Anthropic equity, were retained.