AI Stock Guru’s Downfall: Fund’s 13F Reveals Leveraged AI Bets

The notable detail is structural, not directional: a fund built around a single thematic thesis removed its hedges precisely as that thesis became most crowded, leaving no buffer when memory-chip exposure turned. That is a leverage and risk-management story as much as an AI sentiment story, and it matters because forced selling into a counterparty can amplify moves in the same concentrated names. Whether other 13F filers show similar de-hedging in AI infrastructure is the open question worth watching.