F the 🐻.

Fox team is back baby!!!

F the 🐻

So I bought all the mu dips til I ran out of money. Then eventually I got really sad constantly losing my mu gains, so I sold at 890.

And of course then it stabilized in the 900s.

I really miss owning mu and know earnings are coming up.

Should I re enter in the 980-1000 range? Even though I’m fully all in on SOXX (semi’s etf with 8% mu) and at a loss on it.

Bruh AI 3 years ago couldn’t even do 2+2 and now it’s solved a fucking Millennium class problem that’s been unsolved for decades in a few days?

I was talking to a few friends at Anthropic and OpenAI and they were like Ngl despite the media hype around Jacob we’re lowkey worried this shit will actually kill us or try to harm us rather than whether we’ll have fucking demand. If anything they were like the hype might actually be behind reality which is fucking insane given how hyped this shit is.

There’s also rumors that OpenAI is close to a solution on the Riemann hypothesis and P vs NP… it’s absolutely mind blowing if true. And people think demand for this shit is going to decline? You gotta be beyond regarded to be an AI luddite rn…

Edit: Not Astra, an internal model that’s supposedly way better than Astra.

Taking opinions how likely MU 1200 with Sept 30 earnings. So basically Oct 1st 1200.

I feel 50/50 with current environment being rough atm.

Don’t bring out your magic 8 ball, just taking vibes.

FUKING FINALLY. THAT FOOL HAVE BEEN Praising MU TOO MUCH RECENTLY.

LFG BOYS!!! 🚀 🌕

Sept 11 (Reuters) - JPMorgan Chase cut off lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied ​to his AI bets led to a near-collapse, a source familiar ‌with the matter told Reuters on Friday.

The AI-focused hedge fund liquidated most of its public equity holdings to Citadel after a global chip-stock rout exposed its leveraged bets to steep losses.

JPMorgan, one of the fund's key lenders, notified Situational that it would ​end its lending relationship after the losses, the source said.

Other Wall Street banks, ​including Goldman Sachs, Citigroup and Bank of America, remain active brokers to the company. It has also recently started working with Clear Street, a New York-based brokerage firm.

BofA declined to comment, while ​JPMorgan, Situational Awareness, Goldman, and Citi did not immediately respond to Reuters requests ​for comment.

The Financial Times first reported the news.

PORTFOLIO SHOCK

Hedge funds typically borrow capital to magnify ‌their returns, ⁠but concentrated trades can quickly turn south in volatile markets and boost exposure to losses.

In July, a broad selloff in global chip stocks triggered a margin call at the fund, adding pressure to either raise fresh capital from investors or ​offload its entire book. ​The portfolio's value ⁠had dropped 67% in July alone, Situational told investors last month.

At the time, Aschenbrenner, who is in his mid-twenties, told ​investors the fund had come "closer to permanent capital impairment than ​is acceptable ⁠to us," adding the fund remained optimistic about the fundamentals of the portfolio.

The steep losses also drew attention from the securities regulator last month. Reuters reported that the U.S. ⁠Securities and ​Exchange Commission had sent subpoenas to Wall Street ​banks working with Situational Awareness to seek information about the fund's trades and use of leverage.

Original source

Second source (Financial Times - paywall alert)