When are we going to stop counting out Mark Zuckerberg? As concerns over AI mounted over the summer, Meta was one of the companies hit hardest. Investors were particularly skeptical about the firm’s massive capex-spending plans, especially since Meta was seen as more concentrated on AI than fellow hyperscalers like Microsoft. But the roaring success
Leopold Aschenbrenner, the Wall Street wunderkind whose hedge fund imploded in late July, placed huge bets on two AI stocks in the lead-up to the disaster. Aschenbrenner’s firm, Situational Awareness, owned a $5.7 billion stake in SanDisk and a $5.6 billion stake in Micron at the end of June, its quarterly portfolio update revealed on
