Leopold Aschenbrenner: $600M Single-Day Loss

Leopold Aschenbrenner fund posted a $600,000,000 single-session loss today across BE (-$210M), SNDK (-$180M), CORZ (-$54M), IREN (-$41M) and NBIS (-$104M) while staying more than 1,000% above entry on the core holdings and seeing puts print; the 1-3 year thesis centers on AI inference workloads driving unprecedented NAND demand, on-site power replacing grid connections for data centers, and ex-Bitcoin miners forming the backbone of AI cloud infrastructure.