10AM Hour: Leopold Aschenbrenner’s Hedge Fund Situational Awareness Sells All Public Positions, Jersey Mike’s CEO on IPO, Meta & Microsoft Earnings Reaction 7/30/26
Squawk on the Street
- Published
- July 30, 2026
- Duration
- 43:26
- Summary source
- description
- Last updated
- Jul 30, 2026
Discusses ai, investing.
Summary
David Faber reports that one of AI’s most closely watched voices, Leopold Aschenbrenner’s hedge fund Situational Awareness, has sold its entire portfolio of public investments. We examine what the move could signal for AI investors. Plus, Jersey Mike’s CEO joins along with Danny DeVito and Eli Manning to discuss the company’s public market debut. And we b…
Jersey Mike's IPO debut, Microsoft vs. Meta earnings split, a $45B hedge fund's dramatic collapse, and what Apple & Amazon must deliver tonight.
Key takeaways
- Situational Awareness hedge fund, run by 24-year-old Leopold Aschenbrenner, collapsed from a $45B NAV peak to a full liquidation of its public book after 4x leverage on concentrated AI/semiconductor longs and software shorts reversed sharply in July.
- Microsoft outperformed post-earnings by showing Azure acceleration and below-consensus capex spend, while Meta disappointed by raising capex without clear monetization clarity—illustrating that disciplined AI spending now trumps growth-at-any-cost narratives.
- Jersey Mike's IPO (ticker: JMK) priced at $23/share raising ~$1B, highlighting 20 consecutive years of same-store sales growth, 42% digital orders, and a pipeline targeting 15,000 total units globally.
Why this matters
The forced unwind of a massively leveraged AI-focused hedge fund and divergent hyperscaler earnings reactions signal that capital markets are now actively repricing AI infrastructure spend discipline, creating both systemic risk and selective buying opportunities across the semiconductor and cloud stack.
Entities
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10AM Hour: Leopold Aschenbrenner’s Hedge Fund Situational Awareness Sells All Public Positions, Jersey Mike’s CEO on IPO, Meta & Microsoft Earnings Reaction 7/30/26
Squawk on the Street
July 30, 2026
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Show notes
David Faber reports that one of AI’s most closely watched voices, Leopold Aschenbrenner’s hedge fund Situational Awareness, has sold its entire portfolio of public investments. We examine what the move could signal for AI investors. Plus, Jersey Mike’s CEO joins along with Danny DeVito and Eli Manning to discuss the company’s public market debut. And we break down Wall Street’s reaction to earnings from Microsoft and Meta as investors assess the next phase of the AI trade. Squawk on the Street D
Themes
- ai
- investing