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Situational Awareness liquidates entire portfolio after losses

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JPM JPMorgan Chase & Co
$350.85 +1.78%
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  1. 1The Situational Awareness hedge fund has liquidated its entire portfolio and sold it to another hedge fund
  2. 2CNBC reported that the roughly $20–24 billion fund came under pressure from losses on AI stocks and software shorts
  3. 3July's AI infrastructure and software shorts moved against the fund, and disclosed holdings such as Nebius (NBIS) have fallen more than 35% this month

This 3-line summary is compiled from the report below.

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