🚨 Leopold Aschenbrenner bets $8.45 billion against AI-driven semiconductor stocks. A former researcher at OpenAI, he was fired for warning that China could steal the company’s AI models. He then turned $225 million into $5.5 billion in 12 months. His quarterly 13F filing—the mandatory disclosure by large investment funds to U.S. regulators—reveals his portfolio and exposes a massive short position across the entire AI semiconductor ecosystem. His top 10 positions: $2.04B 🔴 VanEck Semiconductor ETF $SMH [Put] $1.57B 🔴 Nvidia $NVDA [Put] $1.07B 🔴 Oracle $ORCL [Put] $1.01B 🔴 Broadcom $AVGO [Put] $969M 🔴 Advanced Micro Devices $AMD [Put] $879M 🟢 Bloom Energy $BE $724M 🟢 SanDisk $SNDK $584M 🔴 Micron $MU [Put] $556M 🟢 CoreWeave $CRWV $535M 🔴 Taiwan Semiconductor $TSM [Put] A telling case: Intel—three months ago, he held a $747 million bullish call; now, he has switched to buying puts. Meanwhile, he is doubling down on Bitcoin miners transitioning into AI data center infrastructure: Applied Digital, IREN, CleanSpark, Riot Platforms, Bitfarms, plus a new position in HIVE Digital. CleanSpark’s share count has surged by 648%. The synthetic trade: Go long on companies laying concrete and supplying power to data centers, while shorting (via puts) the chips running inside them. Bloom Energy remains one of his largest positions by value at $879 million.