Which AI stocks suffered a rout?
Situational Awareness down 67% in July in AI stock rout
41–50 of 190 posts
Re: Situational Awareness down 67% in July in AI stock rout
#42[dead]
Re: Situational Awareness down 67% in July in AI stock rout
#43This is everywhere. For reference, former FTXer and OpenAIer raised $225m into a hedge fund structure, went long and short, and reportedly peaked at $40bn of value; leverage bit hard this week and they sold their entire-ish portfolio to Citadel at $10bn. (Which, I imagine was very likely aiming at this outcome in their trading in the last few weeks). Not reported anywhere -- was additional money raised in to the fund…
Wow, so, he narrowly avoided prison while at FTX, then went to work for Scam Altman, now does "investment funds" (a classic trope).
The guy really really really wants to end up in prison, lol.
Re: Situational Awareness down 67% in July in AI stock rout
#44Earlier quoted context omitted.
Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?
He has done more for wallstreet-to-mainstreet transparency than you believe. His investor literacy youtube backlog is unusually deep and as of yet has only shilled his own trading product. But your point is valid, he will never live down the fraud conviction and his face is so punchable.
The shady crypto projects he did after his release are also good reasons to distrust the guy
Re: Situational Awareness down 67% in July in AI stock rout
#45Earlier quoted context omitted.
Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?
You can still learn from thieves and crooks. Especially if they break down what they did and how they did it.
Just keep in mind you might be the mark of his current scheme
Re: Situational Awareness down 67% in July in AI stock rout
#46Re: Situational Awareness down 67% in July in AI stock rout
#47> Aschenbrenner party blamed short sellers who targeted the firm’s positions for exacerbating the fund’s losses, the letter said. The letter compared Situational’s experience to a bank run. 4 years ago, it was SBF blaming Changpeng Zhao for shorting FTT and triggering a run on FTX. Now another EA has followed the path of making a lot of money relatively quickly and losing it just as fast, using the exact same argumen…
>Now another EA has followed the path of making a lot of money relatively quickly and losing it just as fast
let's be clear here - he didn't actually "lose" a ton of money. he was up 439% net in the first half of 2026.
his issue was getting margin called due to being short on software (which went up) and long on AI infra (which went down) - getting margin called != losing money.
Re: Situational Awareness down 67% in July in AI stock rout
#48Re: Situational Awareness down 67% in July in AI stock rout
#49> Aschenbrenner party blamed short sellers who targeted the firm’s positions for exacerbating the fund’s losses, the letter said. The letter compared Situational’s experience to a bank run. 4 years ago, it was SBF blaming Changpeng Zhao for shorting FTT and triggering a run on FTX. Now another EA has followed the path of making a lot of money relatively quickly and losing it just as fast, using the exact same argumen…
Sounds like someone took huge risks, incurred huge losses, and thought they were entitled to always win. It honestly feels good seeing these folks get knocked down a peg.
Re: Situational Awareness down 67% in July in AI stock rout
#50>Even including July's losses, the fund remains up about 80% on the year Spectacular blowup and a lesson on leverage, but let's not miss this line.
It's hopeless, people see what they want to see.