Post by Augustine Chiagozie (@pabloexchange)

Citadel fueled fears that the Fed could raise interest rates, accelerating the selloff in AI stocks and scooping up much of Leopold Aschenbrenner's portfolio near the lows.

The AI-focused hedge fund, Situational Awareness, went bankrupt and sold all assets.

Once valued near $45 billion, it suffered heavy losses from falling AI infrastructure stocks, including SK Hynix.

Ashenbrenner launched the fund after leaving OpenAI in 2024 and gained fame for early strong results.

By Q1 2026, top holdings were Nebius Group, Sandisk, Micron, and CoreWeave, all down over 30% this month.

Citadel fueled fears that the Fed could raise interest rates, accelerating the selloff in AI stocks...

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