AI investor Aschenbrenner unwinds all public stock positions after steep losses
AI investor Leopold Aschenbrenner's hedge fund has sold all of its public stock holdings after steep losses, people familiar with the matter say. The move is fueling debate on Wall Street over whether the AI trade has bottomed out.
The hedge fund run by prominent AI investor Leopold Aschenbrenner has sold off all of its public stock holdings, according to people familiar with the matter, following steep losses tied to artificial intelligence-themed shares.
Aschenbrenner drew wide attention last year for an essay forecasting AI's transformative economic impact. The wind-down of his fund's positions comes amid rising volatility in AI stocks and a broader test of investor confidence in the trade.
On Wall Street, some investors view the liquidation as a signal that the worst of the AI trade's selloff may be behind it, while others caution that further volatility in the sector should still be expected.
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