On August 14, 2026, hedge fund Situational Awareness made headlines by expanding its stakes in semiconductor giants Micron Technology Inc MU and SanDisk (SNDK) during the second quarter. This move comes amid a turbulent period for the fund, which faced significant losses in July due to a sharp decline in AI-related stocks.
The recent activity by Situational Awareness highlights the ongoing volatility in the semiconductor sector, particularly as it relates to AI technologies. By June 30, the fund's combined holdings in Micron and SanDisk reached a staggering $11 billion, representing approximately a quarter of its net assets. This strategic move comes at a time when the semiconductor industry is under pressure, evidenced by Micron's stock plummeting 29% and SanDisk's dropping 47% in July.
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