Situational Awareness NAV Drops 67% While Amazon Cloud Sales Surge 37%

Situational Awareness fund NAV fell 67% amid AI slump, forcing margin-driven sales. Amazon cloud revenue hit $42.2B, up 37% YoY, driving pre-market gains.

Woofun AI data shows that Situational Awareness, managed by Leopold Aschenbrenner, recorded a 67% decline in net asset value during July due to the AI stock downturn. The fund liquidated most positions to meet margin calls, with Citadel acquiring significant holdings.

Meanwhile, Amazon reported second-quarter cloud computing sales of $42.2 billion, a 37% year-on-year increase, exceeding expectations and triggering a pre-market stock surge of over 10%. The company projects $200 billion in capital expenditures for AI and data centers this year.

Apple’s third-quarter revenue reached $109.4 billion, up 16% year-on-year, but fourth-quarter guidance missed expectations due to memory shortages and weak China performance, causing an 8% pre-market drop. Strategy reported an $8.2 billion loss for Q2, reversing last year’s $10 billion profit, primarily from unrealized losses on Bitcoin holdings. In other developments, Michael Burry increased short positions in Micron and Nvidia, while Doosan Group agreed to acquire SK Siltron for 2.3 trillion Korean Won.