Leopold Aschenbrenner's AI Fund Situational Awareness Buys Options in AMD, Bloom Energy, CoreWeave
Situational Awareness, the AI-focused fund run by Leopold Aschenbrenner, is actively trading options in AMD, Bloom Energy, and CoreWeave, sources say.
Leopold Aschenbrenner's hedge fund, Situational Awareness, is making moves in the options market — and the names it's targeting tell you exactly where it thinks the AI trade is headed. Sources told CNBC's David Faber that the fund has been building options positions in Advanced Micro Devices, Bloom Energy, and CoreWeave. That's a mix worth paying attention to.
AMD is the obvious AI chip play, a direct rival to Nvidia in the GPU arms race. Bloom Energy is a fuel cell power company that's become a data center power story — AI infrastructure demands serious electricity, and Bloom is one of the names benefiting. CoreWeave, the GPU cloud provider that went public recently, rounds out a trio that screams "AI infrastructure stack" from top to bottom.
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Using options rather than straight stock positions signals conviction with leverage — you're not just betting on direction, you're betting on a move happening fast. That's an aggressive posture. Aschenbrenner himself is a former OpenAI researcher who has been outspoken about the pace and stakes of artificial general intelligence development, so it's no surprise his fund is positioned deep in the AI infrastructure theme.
For retail traders watching where smart money is playing, this is a meaningful signal. These aren't random picks — AMD, Bloom, and CoreWeave form a coherent thesis around the physical and computational infrastructure needed to run frontier AI models. Whether you follow the trade or not, knowing where a dedicated AI fund is pressing its chips matters.
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